Malaysian Income Tax Reporting System (MITRS): Scope Expanded
Letter from IRBM dated 28 September 2020 The Inland Revenue Board of Malaysia (IRBM) has introduced an online platform for electronically submitting tax returns called the Malaysian Income Tax Reporting System (MITRS), as stated in a letter dated 28 September 2020 to professional bodies. The MITRS platform is developed based on the XBRL (eXtensible Business […]
IRBM’s Responses to CTIM’s feedback/comments on Transfer Pricing related issues
The Inland Revenue Board of Malaysia (HASiL) has issued responses to CTIM’s feedback/comments on Transfer Pricing related issues as follows:- IRBM’s Responses to CTIM’s Feedback/Comments on Form C, Year of Assessment 2022 – Transfer Pricing related disclosures dated 17 October 2022 F8 – Part A- Items 2, 3 and 4 of Form C The characterisation […]
Tourism Tax (Compounding of Offences) Regulations 2023
With the Public Prosecutor’s approval, the Ministry has issued the Tourism Tax (Compounding of Offences) Regulations 2023 under the Tourism Tax Act 2017 [Act 791]. These regulations will come into effect on 2 March 2023 and prescribe certain offences as compoundable, which may be compounded with the written consent of the Public Prosecutor. Upon receiving […]
Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023
The Ministry has issued new regulations, the Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023, which will come into effect on March 2, 2023. These regulations amend the Tourism Tax (Digital Platform Service Provider) Regulations 2021 and require every digital platform service provider issuing an invoice or receipt relating to accommodation premises to include […]
Customs Duties (Exemption)(Amendment) Order 2023
We would like to inform you of the recent amendment to the Customs Duties (Exemption) Order 2017 [P.U. (A) 445/2017] through the Customs Duties (Exemption) (Amendment) Order 2023. The amendment, which comes into operation on 9 March 2023, affects item 94 in Part I of the Schedule of the Customs Duties (Exemption) Order 2017. The […]
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 […]
Sports Development (Amendment of First Schedule) Order 2023
Please be informed that the Minister has made an order under section 37 of the Sports Development Act 1997 [Act 576]. The order, known as the Sports Development (Amendment of First Schedule) Order 2023, will come into effect on March 10, 2023. This order amends the First Schedule of the Sports Development Act 1997 by […]
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 […]
Customs (Anti-Dumping Duties) (Extension) Order 2023 [P.U.(A) 33/2023]
Please be advised that the Minister has issued an order under section 25 of the Countervailing and Anti-Dumping Duties Act 1993 [Act 504] and subsection 11(1) of the Customs Act 1967 [Act 235]. This order, known as the Customs (Anti-Dumping Duties) (Extension) Order 2023, extends the Customs (Anti-Dumping Duties) Order 2018 published in P.U. (A) […]
Q & A on Service Tax on Digital Service and Implementation of Sales Tax on Low-Value Goods
The Royal Malaysian Customs Department (RMCD) has uploaded a list of Questions and Answers (Q & A) regarding the Service Tax on Digital Services (SToDS) and the Implementation of Sales Tax on Low-Value Goods (LVG) on February 3, 2023, following a webinar organised by the RMCD on January 17, 2023. This Q&A publication clarifies matters […]
