PUTRAJAYA, June 12 — All new applications for approval under Subsection 44(6) of the Income Tax A...  PUTRAJAYA, June 12 — All new applications for approval under Subsection 44(6) of the Income Tax A...

LHDN makes e-Derma mandatory for new tax exemption applications from June 15

2026/06/12 11:40
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PUTRAJAYA, June 12 — All new applications for approval under Subsection 44(6) of the Income Tax Act 1967 involving institutions or organisations (IOs) must be submitted through the e-Derma system from June 15, 2026.

In a statement today, the Inland Revenue Board of Malaysia (LHDN) said the move is part of its efforts to expand digital service delivery and improve the efficiency of reviewing and approving tax exemption applications.

According to LHDN, the e-Derma system allows applications to be submitted online at any time without the need to visit an LHDN office or submit physical documents.

However, new applications under Subsection 44(6) involving funds or Institutions/Organisations/Funds (IOTs) represented by tax representatives or tax agents must continue to be submitted manually together with supporting documents for the time being.

The board said the e-Derma system would be extended to this category in a later phase.

In addition to new applications, the platform also facilitates requests for extensions of approval periods, submission of documents such as Audited Financial Statements and Self-Review Forms, as well as amendments to IOT-related information.

Users can access these services through the LHDN and MyTax portals, with a user manual available to assist with the submission process.

LHDN said the digitalisation of tax-related services is expected to improve service delivery through faster processing and approvals, better document management, and more convenient access for IOTs.

The initiative is also in line with the board’s ongoing efforts to strengthen a more efficient, transparent and customer-friendly digital tax ecosystem. — Bernama

Predict & Trade to Win Rewards

Predict & Trade to Win RewardsPredict & Trade to Win Rewards

Guaranteed rewards with $500,000 prize pool

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Santiment: Peace Talk Optimism Surges as Stocks Rally, Crypto Yet to Catch Up

Santiment: Peace Talk Optimism Surges as Stocks Rally, Crypto Yet to Catch Up

Santiment data shows peace-related social volume hit monthly highs after Trump canceled Iran strikes. Stocks and gold surged, but crypto lagged, raising.
Share
Blockchainreporter2026/06/12 22:00
Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers, More Than 8 Times the National Average

Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers, More Than 8 Times the National Average

Sellers with $10,000 or more in their Square Savings account automatically earn the higher rate with no action requiredSALT LAKE CITY--(BUSINESS WIRE)--Square Financial
Share
CryptoReporter2026/06/12 22:00

RealStocks Now Live

RealStocks Now LiveRealStocks Now Live

Trade real U.S. stock via regulated brokerage