Direct Taxation

Please be informed that the Inland Revenue Board (IRB) has uploaded Public Rulings (PR) No.11/2012 and No.12/2012 dated 13 December 2012 and 24 December 2012 respectively. Members may view the Public Rulings on the websites of the Institute and the IRB.

PR No.11/2012: Employee Share Scheme Benefit

This Public Ruling illustrates, with examples, the tax treatment in respect of a benefit arising from employee share schemes received by an employee from his employer by reason of his employment. The PR replaces PR No.4/2004: Employer Share Option Scheme Benefit, issued on 9 December 2004.

PR No.12/2012: Share Schemes Benefit For Cross-Border Employees

The objective of this PR is to explain the tax treatment in respect of a benefit arising from an employee share scheme received by:-

(a) employees from Malaysia who are seconded to work overseas, and

(b) foreign national employees who are seconded to Malaysia.

We would be pleased if you could let us have your feedback and/or enquiry, so that we may raise it to the IRB.