All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
The amendment to Law on Corporate Income Tax of Vietnam (Law No. 67/2025/QH15) official came into force on 1 October 2025. According to the revised Law on Corporate Income Tax, the standard tax rate for corporate income tax in Vietnam remains at 20%, but different tax rates may apply depending on factors such as the size, industry and location of the enterprise.
An Investment Holding Company (“IHC”) is a company whose principal activity is the holding of investments for long-term purposes, rather than the active conduct of trade or commercial operations. In Malaysia, the classification of a company as an IHC carries specific implications under the Income Tax Act, 1967 (“ITA”), particularly in relation to tax treatment, expense deductibility, and eligibility for capital allowances.
The Government of Malaysia has taken a significant step to advance sustainable business practices, corporate accountability, and tax transparency through the issuance of the Income Tax (Deduction for Expenditure in relation to Environmental Preservation, Social and Governance) Rules 2025 [P.U.(A) 193/2025] which is gazetted on 23 June 2025.
Beginning from the Year of Assessment (“YA”) 2025, the Inland Revenue Board of Malaysia (“IRBM”) has introduced a significant reform to the Labuan tax reporting framework by implementing the Self-Assessment System (“SAS”). This change, enacted via the Labuan Business Activity Tax (Amendment)(No. 2) Act 2024 [Act A1741], brings the Labuan Business Activity Tax Act
