LWC NEWS
Ms. Goh Siew Ping joined LWC on 21 September 2005, and has since left us to further other opportunities.
Ms. Wong Yoke Seem joined LWC on 2 September 2008, left Liew Chambers for a short while and rejoined us.
Ms. Philicia Yip joined us on 16 February 2011, and has left our firm.
Mr. Dan Yeo joined us on 7 March 2011, and has left our firm.
Ms. Siew YF joined us on 16 May 2011, and has left our firm.
Ms. Jan joined us a few years ago, and is still with us to date.
We are glad to have experienced and trained staff in our team. We continue to serve our clients with the highest possible standard of service.
HEADLINES - NEWS & INFORMATION
SST (Sales & Service Tax) laws come into force on 1 September 2018, Service Tax on legal professional fees are chargeable at 6%.
GST are zero rated from 1 June 2018 up to abolishment of GST laws on 31 July 2018: https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(Malaysia)
Current headlines (Prime Minister's Budget Speech 2009, 29 August 2008):
Archived headlines (Prime Minister's Budget Speech 2008, 7 September 2007):
Full Stamp Duty Exemption on transfer of real property between husband and wife
Summary: It is proposed that full stamp duty exemption be given on instruments pertaining to transfer for purchase of a property between husband and wife on the basis of love and affection. Effective 8 September 2007.
50% Stamp Duty Exemption on purchase of property not exceeding RM250,000
Summary: It is proposed that 50% stamp duty exemption be given on instruments pertaining to transfer for purchase of a house not exceeding RM250,000. Effective 8 September 2007 to 31 December 2010.
Abolishment of service tax threshold for professional, consultancy and management services
Summary: The licensing threshold for professional, consultancy and management services providers is abolished (from previously RM150,000 within a period of 12 months or part thereof). Effective 1 January 2008.
Previous headlines:
Abolition of RPGT Provisions
Summary: No Real Property Gains Tax is chargeable for profits made on the sale of property transacted on or after 1 April 2007. This includes profit made on sale by corporate entities, and foreigners. Both buyer and seller need not submit returns to the Inland Revenue Board.
Please refer to the following for more supporting information:
Letter from Ministry (Original letter in Malay Language)
Letter from Ministry of Finance (English translation)
Purchase of Property by Foreigner
Summary: Effective 21 December 2006, the Government permits the purchase by foreigners of residential property exceeding RM250,000 in value per unit, without the requirement to obtain the approval of the Foreign Investment Committee. Please note that the approval of the State Authority pursuant to section 433B of the National Land Code is still required to be obtained.
Please refer to the following material:
Purchase of Property by Foreigner (Clarification by Economic Planning Unit)
Islamic Instruments - stamp duty remission
Stamp Duty Remission on certain Islamic Financial Instruments
Malaysia My Second Home Program - Information
Our regional affiliate offices
We are now officially affiliated with the Kelvin Chia Partnership (KCP) group of law firms and are regionally represented in the following major asian cities:
- Singapore
- Tokyo
- Shanghai
- Bangkok
- Hanoi
- Ho Chi Minh City
- Yangon
- Phnom Penh
- Pyongyang
KCP Group Website: kcpartnership.com
Please bookmark this page for future events.
REGISTRATION (for notification of events)
Or otherwise, drop us an email with the above data to events @ (at) liewchambers . com.