Invitation by IRBM for Public Consultation on Draft Public Ruling and Draft Guidelines
The Inland Revenue Board of Malaysia (IRBM) has published the following draft Public Ruling (PR) and draft Guidelines on its website for public review, comments and feedback before finalising the PR and Guidelines: The primary objective of this public consultation is to elicit the opinions of various stakeholders regarding the issues that are associated with […]
Amendment: Customs Duties (Exemption) Order 2017
Customs Duties (Exemption) Order 2017 On September 23, 2022, in the exercise of the powers conferred by subsection 14(1) of the Customs Act 1967 [Act 235], the Minister gazetted: You are strongly encouraged to the Order to obtain all the relevant information. To download:- Reference Customs Duties (Exemption) Order 2017 [P.U.(A) 445/2017] Customs Duties (Exemption) […]
Excise Duties (Premix Preparation) (Payment) Order 2022
What is the Excise Duty? A tax imposed on certain goods imported into or manufactured in Malaysia. What Goods are subject to Excise Duty? Payment How to clear goods from Port Goods must be declared in customs import declaration Form No. 1, and the duty/tax assessed paid to the customs office where goods are released […]
Excise (Exemption From Licensing) (Amendment) Order 2022
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Excise Duties (Amendment) Order 2022 and Excise Duties (Exemption) (Amendment)(No. 2) Order 2022
On September 9, 2022, in the exercise of the powers conferred by: You are strongly encouraged to read both Orders to obtain all the relevant information. To download:- Reference Excise Act 1976 · Excise Duties Order 2022 [P.U.(A) 163/2022] · Excise Duties (Exemption) Order 2017 [P.U.(A) 444/2017] · Excise Duties (Exemption) (Amendment) (No. 2) Order […]
Service Tax Policy No. 2/2022: Service Tax Refund for Companies operating in the JDA
Malaysia-Thailand Joint Authority (MTJA) Malaysia–Thailand Joint Development Area is a 7,250 km square area in the Gulf of Thailand which was created as an interim measure to exploit the natural resources in the seabed or continental shelf claimed by the two countries and to share the proceeds equally. The arrangement does not extinguish the legal […]
Amendment: Service Tax Policies (STP) on Digital Services
The qualifying criterion found in paragraph 5(b) of STP No. 1/2022, dated August 1, 2022, has had the word “licenced” removed from it as a result of STP No. 1/2022 (Amendment No. 1) To Download: Service Tax Policy No. 1/2022 (Amendment No. 1) Service Tax Policy No. 1/2022 dated August 1, 2022 Our website’s articles, […]
Special Voluntary Disclosure & Amnesty Program: Phase 2 Payment Deadline Extended
In the speech in 2021, as part of the Malaysian Budget 2022, the Minister of Finance announced that it would introduce a Special Voluntary Disclosure Programme for indirect taxes as part of concerted measures to increase tax revenue for the Malaysian Government. The Royal Malaysian Customs Department (“Customs”) published the guidelines that underpin the aforementioned […]
Calculation of Stamp Duty on Instruments of Transfer of Shares
The Malaysian Treasury, also known as the Ministry of Finance, is in charge of all policies that pertain to taxation. On the other hand, the Inland Revenue Board (IRB) is in charge of the enforcement of the tax laws that concern the key areas: Note that the taxes stated in (ii),(iv),(v) and (viii) above have […]
