A Summary Malaysian Tax & Economic Reliefs
Introduction The sudden and deadly COVID-19 pandemic has led to lockdowns across the globe in an effort to stymy the spread of the virus. The unfortunate side effect of this necessary life-saving measure is a near standstill of business activity within affected countries. This article will look at Malaysian tax relief efforts and consider what …
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COVID-19: The Malaysian Government’s Additional Stimulus Package
Shortly after the announcement of the PRIHATIN stimulus package worth RM250 billion, the Government announced today that additional measures will be taken to help Malaysian Small and Medium Enterprises (‘SMEs‘) cope with the economic effects of the COVID-19 pandemic and Movement Control Order (‘MCO‘). The additional measures are as follows: –
COVID-19: Recession is Inevitable. Let Us, Lawyers, Be Your Iron Man. Let’s Rescue Your Company!
On 10 April 2020, the Government of Malaysia decided to extend the Movement Control Order (“MCO“) by another 14-days to 28 April 2020. This is the second extension to the MCO, which was originally imposed for a two-week period from 18 March 2020 to 31 March 2020, and was extended to 14 April 2020.1
Video Conferencing: Data Protection Risks for Companies
Introduction In light of the coronavirus pandemic, millions of people around the globe had been forced to work from home. The use of video conferencing tools such as Zoom and Skype has increased significantly as both businesses and individuals relied on the platform to conduct meetings. In the past few months, the daily users of …
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Employee’s Sensitive Personal Data Collection Amid COVID-19
Introduction As the world struggles to combat the COVID-19 (Coronavirus) pandemic, employers around the globe are allowed to collect personal data of employees such as their travel history to prevent the spread of the virus at the workplace. In Malaysia, the Ministry of Human Resources has issued a Frequently Asked Questions (FAQ’S) on Movement Control1 on …
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Amendments in Communiqué on Principles Regarding Real Estate Investment Companies
Capital Markets Board of Turkey (“CMB“) has published the Communiqué Amending the Principles Regarding Real Estate Investment Companies (“Amendment Communiqué“) the Official Gazette dated 9 October 2020 and entered into force on the same date. Changes introduced by the Amendment Communiqué can be summarized as follows:
Turkish Constitutional Court Annulled Article 81/13 of Law on Intellectual and Artistic Works
Pursuant to Law numbered 5846 on Intellectual and Artistic Works (“Law“) reproduced copies of musical and cinematographic works and non-periodical publications should bear a special label, called a banderol for commercial exploitation. The breach of banderole liability crimes and related punishments are regulated under article 81 of the Law. Article 81/13 of the Law, on …
Guideline on Non-clinical Evaluation of Vaccines for Human Use has been Published
On 6 October 2020, Turkish Medicines and Medical Devices Agency (“Agency”) has published “Guideline on Non-clinical Evaluation of Vaccines for Human Use” (“Guideline”). The Guideline aims to provide guidance on “non-clinical evaluation” of vaccine candidates for vaccine developers.
WIPO Launches “WIPO Lex-Judgments” Database
Legal regulations and judicial practices are in a continuous transformation in order to meet the needs arising from new technological developments. Juridical authorities in different jurisdictions are facing new and highly sophisticated conflicts which are increasing day by day in practice of intellectual property. This global change also necessitates an international information exchange to have …
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Principles and Procedures Applying to Taxpayers Detected with High
Pursuant Article 160/A of the Tax Procedure Law (“Law number 213”) taxpayers who are determined by the relevant departments of the Ministry of Treasury and Finance to have a high risk of forging documents will be referred to tax inspection and then their taxpayer status will be abandoned. Within the scope of this amendment, which …
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