Malaysia updates FATCA information website

On 2 December 2019, the Inland Revenue Board of Malaysia (“IRBM”) updated its Foreign Account Tax Compliance Act (“FATCA”) information website to provide for recent changes to their legislation. The IRBM also issued a reminder of the newly scheduled U.S. Internal Revenue Service (“IRS”) International Data Exchange Service (“IDES”) testing session (Link).

IRBM also announced that the date for submitting the 2014, 2015, 2016, 2017, 2018 and 2019 reportable information and NIL Returns under FATCA to IRBM has been tentatively deferred to 30 June 2020.

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