Shearn Delamore & Co.
  March 31, 2021 - Malaysia

Shearn Delamore & Co. Legal Update March 2021 (1)

FINANCIAL SERVICES

Further extension on short selling ban

The Securities Commission Malaysia and Bursa Malaysia Securities Berhad announced a further extension, until 29 August 2021, of the existing suspension of Intraday Short Selling (IDSS) and Short Selling by Proprietary Day Traders on the stock exchange of Bursa Malaysia Securities Berhad. The scope of the ban remains the same.

Pepared by:

Christina S. C. Kow

Partner

Financial Services (Head)

Personal Data Protection & Proivacy Law

Technology, Media & Telco

[email protected]

(Tel)+603 2027 2786

(Fax)+603 2070 4445

Pamela Kung

Partner

Financial Services

Energy, Natural Resources & Green Technology

Infrastructure & Project

Private Client & family Business

[email protected]

(Tel)+603 2027 2688

(Fax)+603 2070 4445

CONTACT US FOR FURTHER INFORMATION REGARDING FINANCIAL SERVICES MATTERS.

TAX & REVENUE

Sales tax

An Industry Guide on Manufacturing and Import/Export (as at 1 January 2021) has just been published on the Royal Malaysian Customs Department’s MySST website.

Service tax

A revised version of the Industry Guide on Information Technology Services (as at 8 March 2021) has just been published on the Royal Malaysian Customs Department’s MySST website to replace the earlier version dated 13 July 2020.

Prepared by:

Anand Raj

Partner

Tax & Revenue (Head)

Competition & Antitrust (Co-Head)

[email protected]

(Tel)+603 2027 2828

(Fax) +603 2070 4445

Irene Yong

Partner

Tax & Revenue

Personal Data Protection & Privacy Law

Technology, Media & Telco

[email protected]

(Tel)+603 2027 2923

(fax)+603 2072 6503

Foong Pui Chi

Partner

Tax & Revenue

Private Client & Family Business

[email protected]

(Tel)+603 2027 2641

(Fax)+603 2072 6503

CONTACT US FOR FURTHER INFORMATION REGARDING TAX AND REVENUE LAW MATTERS.