Malaysia launches Malaysia Digital, succeeding MSC Malaysia
Since the initial announcement of the Multimedia Super Corridor (“MSC”) in 1996, the world has undergone significant transformations. For one, the technologies available to us now did not exist back then. Additionally, many people and businesses did not feel comfortable using technology then. The MSC was an ICT-led programme designed to change all that, and […]
Sustainable and Responsible Investment linked (‘SRI-linked’) Sukuk Framework
The Securities Commission of Malaysia (SC) established the Framework for Sustainable and Responsible Investment-Linked Sukuk (the Framework) on June 30, 2022. The Sustainable and Responsible Investment Sukuk framework was first introduced by the Securities Commission Malaysia (SC) in 2014. This was done to facilitate the creation of an ecosystem that promotes sustainable and responsible investing […]
RMCD: Guide on Customs Agent Services
The Royal Malaysian Customs Department (RMCD) has just lately published the revised Guide on Customs Agent Services with a publication date of August 9, 2022. The updated guide replaces the older guide published on March 15, 2019, and it is available here. At the very end of the revised guideline is an appendix that contains a […]
Service Tax (Digital Services) (Amendment) Regulations 2022
In the exercise of the powers conferred by paragraph 91(2)(m) of the Service Tax Act 2018 [Act 807], the Minister, on August 12, 2022, gazetted the Service Tax (Digital Services) (Amendment) Regulations 2022 (P.U. (A) 260/2022). The Service Tax (Digital Services) Regulations 2019 [P.U. (A) 269/2019] are amended. Digital service provided to the group of […]
Sales Tax (Amendment) Regulations 2022
In the exercise of the powers conferred by section 106 of the Sales Tax Act 2018 [Act 806], the Minister, on August 12, 2022, gazetted the Sales Tax (Amendment) Regulations 2022 (P.U. (A) 259/2022), which come into operation on 15 August 2022. The Sales Tax Regulations 2018 [P.U. (A) 203/2018] are amended:- Returns Returns can […]
Dewan Negara passed Indirect Tax (Amendment) Bills 2022
The Dewan Negara passed the following Bills on 15 August 2022 and have been made available on the official Portal of Parliament of Malaysia website:- · Customs (Amendment) Bill 2022 – to amend the Customs Act 1967 [Act 235] · Excise (Amendment) Bill 2022 – to amend the Excise Act 1976 [Act 176] · Free […]
