Tax penalty from 45% to 100% on additional tax payable arising from tax audit and investigations, from 1.1.2018.

Earning Stripping Rule to commence in 1.1.2019.

Automatic Exchange Of Information (AEOI) will be implemented by 30 September 2018. Information of overseas bank accounts of Malaysian will be accessable by LHDN.

Notification of change in accounting period 30 days before the end of the new accounting period or the end of the old accounting period, whichever earlier. All penalties arising from provisional assessment, late submission and payment, under payment of installments, etc arising from failure to notify the change of the accounting period remains recoverable by LHDN.