BFM 89.9

Podcast  >  Enterprise  >  Resource Centre  >  Taxes in 2024: What Businesses and CFOs Need to Know

Taxes in 2024: What Businesses and CFOs Need to Know

Thenesh Kannaa, Executive Director, Tratax

03-Jan-24 11:00

Taxes in 2024: What Businesses and CFOs Need to Know

Low Value Goods Tax, e-invoicing, Service Tax increase, Capital Gains Tax, Luxury Tax, and the Global Minimum Tax. To kickstart the new year here on Resource Centre, we review all the key tax related developments for businesses in 2023 and how they will need to navigate them in 2024 with Thenesh Kannaa, Executive Director at Tratax.

2023 saw the introduction and acceleration of a few key things in the tax space for businesses, this includes the increase to the Service Tax to 8% (and introduction of the Service Tax to industries such as logistics and food delivery at a 6% rate), Capital Gains Tax on the disposal of unlisted shares by companies (with some exemptions), the charging and levying of sales tax on Low Value Goods sold online from foreign sellers effective 1 January 2024, the acceleration of the e-invoicing timeline, and the Global Minimum Tax.

Resource Centre is your one-stop shop to help build, scale and manage your business. Learn from industry experts and experienced practitioners how to power your growth, better develop and manage talent, build your brand, and much more.

Produced by: Kishan Sivaswamy

Presented by: Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketseconomymanagingentrepreneursSME

Tags:  high-value goods taxlow-value good taxcapital gains taxglobal minimum taxbudget 2024gstsste-invoicingtax

Play / Pause

Listen now : Earth Matters: Macaranga Wrap-up: June 2024, Law Yao Hua, Co-founder, Macaranga

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Kelvin Wong, Senior Market Analyst, OANDA

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Danesh, Prakash Chacko, Director, Tindak Malaysia

7:45 AM

Top Story

Shereen Hazirah Hishamudin, Senior Research Associate, Khazanah Research Institute

8:00 AM

The Breakfast Grille

Tan Cherng Thong, CEO, Go Hub Capital Berhad

8:30 AM

Morning Brief

Chan Soon Seng, CEO, Teach for Malaysia

8:45 AM

Morning Brief

9:00 AM

Opening Bell

9:15 AM

Opening Bell

Krishna Guha, Analyst, Maybank Securities

9:35 AM

Pressing Matters

Louw Nel, Senior Political Analyst, Oxford Economics Africa

10:05 AM

Open For Business

Jin Tan, Founder & CEO, ReSkills

10:45 AM

BFM Football Minutes

Euro Edition

11:05 AM


Kevin Brockland, Managing Partner at Indelible Ventures

12:00 PM


Michele Kythe Lim, President and CEO, Institute of Corporate Directors Malaysia (ICDM)

1:00 PM

The Breakfast Grille Repeat

Tan Cherng Thong, CEO, Go Hub Capital Berhad

2:05 PM

Discovery Hour

Ethics in Health & Medicine: Why It Matters, Dr Sharon Kaur Gurmukh Singh, Senior Lecturer, Faculty of Law, University of Malaya

3:05 PM

Earth Matters

Tak Kenal Maka Tak Cinta Ep 13: Mersing, Dr Louisa Ponnampalam, Chairperson, The MareCet Research Organisation

3:30 PM

Earth Matters

Macaranga Wrap-up: June 2024, Law Yao Hua, Co-founder, Macaranga

4:05 PM

Health & Living

Treating Cleft Lip and Palate, Dr Darsha Meyyappan, Specialist Orthodontist

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

7:05 PM

Today I Learned [REPEAT]

7:30 PM

Just For Kicks

9:00 PM


10:00 PM