The Industrial Relations (Amendment) Act 2020 (“Amendment Act”) which seeks to amend the Industrial Relations Act 1967 (“IRA”) was gazetted on 20.2.2020. Following notification in the Gazette (PU(B) 695) on 21.12.2020, certain provisions of the said Amendment Act have come…
18th March 2021 marks a milestone being the first case by the Malaysian Anti-Corruption Commission (“MACC”) in charging a company under Section 17A of the Malaysian Anti-Corruption Act 2009 (“MACC Act”). Section 17A, in force since 1st June 2020, is…
Traditional medicine and complementary medicine have a long history of being practised in Malaysia with many people swearing by their effectiveness. In order to regulate the practice of traditional and complementary medicine in Malaysia, the Traditional and Complementary Medicine Act…
The Malaysian Investment Development Authority (“MIDA”) announced on 6 April 2021 that the Government of Malaysia has agreed to consider relaxation of conditions imposed on approved manufacturing and services projects. This is part of the measures undertaken by the Government…
The Inland Revenue Board has uploaded on its website a list of Frequently Asked Questions on tax matters during the Movement Control Order 3.0. SALIENT POINTS We highlight below the salient points of the Frequently Asked Questions: Extension of time…
Fast approaching a decade since the Competition Act, 2010 (“Act”) first came into force on 1 January 2012, companies (otherwise referred to as “enterprises” in the Act) by now should know or at least be aware of the risks of…
In line with the nation’s digital transformation initiatives, the Central Bank of Malaysia (“BNM”) has on 4th January 2022 issued a discussion paper (“Discussion Paper”) on its proposed Licensing Framework for Digital Insurers and Takaful Operators (“DITOs”). As there is…
(Update: The Employment Amendment Bill 2021 received Royal Assent on 26th April 2022 and the Employment (Amendment) Act 2022 was gazetted on 10th May 2022. The amendments will come into force on 1st September 2022. On 15th August 2022, the…
The Inland Revenue Board of Malaysia has been disallowing employee share option scheme (ESOS) expenditure as deductions and has issued Public Ruling No. 11/2012 on Employee Share Scheme Benefit (PR 11/2012) to the effect that such an expenditure is not…