Payments via Cheques or Bank Drafts to “Ketua Pengarah Kastam” through the RMCD Counters
The Royal Malaysian Customs Department (RMCD) has issued an important announcement regarding payments made via cheques or bank drafts through RMCD counters. Effective immediately, the name “Ketua Pengarah Negeri” has been changed to “Ketua Pengarah Kastam” for such payments. However, a transitional period has been provided until 30 June 2023, where companies and agents may […]
Deferment of imposition of sales tax on low-value goods (LVG)
Sales Tax applies to all taxable goods produced domestically or imported from other countries into Malaysia. Nevertheless, Low-Value Goods (LVG) imported by air couriers from overseas are exempt from Sales Tax under the de minimis facility, which permits a waiver of small tax amounts for efficiency reasons. The Ministry of Finance announced in Budget 2022 […]
Amendment to Customs Duties for ASEAN-Japan Economic Partnership Agreement Goods Order 2023
The Minister, under the powers conferred by subsection 11(1) of the Customs Act 1967 [Act 235], makes the Customs Duties (Goods under the Agreement on Comprehensive Economic Partnership among the Government of the Member States of the ASEAN and Japan) (Amendment) Order 2023. This Order will come into effect on 1 March 2023. The purpose […]
Double Taxation Relief (The Government of the Republic of Poland) order 2014
Please be informed that the Malaysia-Poland Double Taxation Avoidance Agreement (DTAA) signed on 8 July 2013 (DTAA 2013): References: 1. HASiL announcement on dates of entry into force of Articles in Double Taxation Relief (Poland) 2. Double Taxation Relief (The Government of the Republic of Poland) Order 2014 8
Windfall Profit Levy (Oil Palm Fruit) Order 2023 [P.U.(A) 31/2023]
Introduction: In accordance with section 6 of the Windfall Profit Levy Act 1998 [Act 592], the Minister has exercised power to make the Windfall Profit Levy (Oil Palm Fruit) Order 2023. The order comes into effect on 1st February 2023. The order prescribes the price of locally delivered crude palm oil per metric ton and […]
TIN for all Categories of Taxpayers except the Individual and Employer Categories
The Inland Revenue Board of Malaysia has informed us (being CTIM members) that the Tax Identification Number (TIN) format for all categories of taxpayers except for individual and employer categories has been changed. This is in line with the implementation of the Tax Identification Number and changes to the internal system of the Inland Revenue […]
Draft Guide on Goods Delivery Services dated 9 January 2023 (Bahasa Malaysia version)
Service Tax is a consumption tax administered under the Service Tax Act 2018 and its subsidiary legislation. The effective date of the Service Tax Act 2018 is 1 September 2018. Service tax is levied on services known as “Taxable Services”. Any person providing taxable services exceeding the prescribed threshold is required to be registered under […]
Budget 2024 Announcement on 13 October 2023
According to the information available on the Parliament website, the tabling of the Budget 2024 is scheduled for Friday, 13 October 2023. Disclaimer: The articles, templates, and other materials on our website are provided only for your reference. While we strive to ensure that the information presented is current and accurate, we cannot guarantee the […]
Tax Investigation Framework 2023
The Inland Revenue Board of Malaysia (IRBM) released the Tax Investigation Framework, effective 1 January 2023. This new framework replaces the Tax Investigation Framework dated 1st January 2020 and is available in Bahasa Malaysia. The updated Framework includes amendments to several key paragraphs, such as:- * Para 11 in the previous Framework referred to “Payment […]
