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Tax Espresso - July 2013

A snappy highlight

The Tax Espresso is our monthly newsletter covering the latest tax updates.

In our July 2013 issue, we cover stamp duty exemption on instruments relating to Islamic banking, takaful activities and Islamic capital market under a scheme to promote Malaysia International Islamic Financial Centre; a tax case on the treatment of cash payments to employees in lieu of shares under an employees’ share option scheme; and a tax case on whether royalty should form part of the value of goods imported for the purpose of imposing customs duties and sales tax where the payment of royalty and the payment to purchase licensed goods are provided in two separate agreements with different parties.

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