High Court clarifies Item 22(1) of the First Schedule of the Stamp Act and the Remission Order
This is a stamp duty appeal under s 39(1) of the Stamp Act 1949 (“the Act”) made by way of a Case Stated under s 39(2) of the Act. Plaintiff is seeking for inter alia a declaration that the Notice of Stamp Duty Assessment dated 13 February 2019 issued by Defendant (“the assessment”) is erroneous, […]
Revised Sales Tax Policy No. 1/2022 – Sales Tax Exemption on Pallets
We want to remind you about our previous article on April 23, 2022, titled “Sales Tax Policy No. 1/2022 – Sales Tax Exemption on Pallets,” that the Royal Malaysian Customs Department (RMCD) has issued Sales Tax Policy 1/2022 on April 5, 2022. The purpose of this policy is to provide clarity regarding the sales tax […]
Customs Public Ruling No. 1/2022 – Prescribed Forms
Under Section 10F of the Customs Act 1967, Section 5F of the Excise Act 1976, and Section 6A of the Windfall Profit Levy Act 1998, the Director General of the Royal Malaysian Customs Department (RMCD) issued the Public Ruling No. 1/2022, “Prescribed Forms under Customs Act 1967, Excise Act 1976 and Windfall Profit Levy Act […]
Customs Duties for Trans-Pacific Partnership Goods Order 2022
On 30th December 2022, the Customs Duties (Goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Order 2022 (“CPTPP Order”) came into effect regarding customs duties on goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The order was deemed to have started on 29th November 2022. Annex 3-A, which covers Other Arrangements, […]
Updates: Sales Tax on Imports of Low-Value Goods (“LVG”)
The Royal Malaysian Customs Department (RMCD), also known as Customs, has released Announcement LVG 1/2023 on 6 January 2023 to confirm that: Following the legislation related to Sales Tax on LVG: is responsible for being registered as a Registered Seller (RS). Applicants can start applying to be registered from 1 January 2023 via the MyLVG […]
Excise (Amendment) Regulations 2022
IN exercise of the powers conferred by section 85 of the Excise Act 1976 [Act 176], the Minister makes Excise (Amendment) Regulations 2022, which was gazetted on October 18, 2022. These Regulations come into operation on 1 November 2022. The Excise Regulations 1977 [P.U. (A) 161/1977] are amended in the Third Schedule, in relation to […]
Postponement of the Implementation of Excise Duty on Premix Preparation Beverages
The application of excise duty on premix preparations was initially announced on 29 October 2021 during Malaysia’s Budget 2022. This excise duty is an enlargement of the excise duty imposed on ready-to-drink sugar-sweetened beverages on 1 July 2019, when it first went into effect. The Royal Malaysian Customs Department (RMCD) published an announcement on March […]
Postponement of the Implementation of Sales Tax on Low-Value Goods
The Sales Tax (Amendment) Bill 2022 was passed with a majority voice vote by Dewan Rakyat (House of Representatives) on August 4, 2022. A sales tax would be imposed on low-value goods (LVG) sold by registered sellers or sellers liable to be registered through online platforms and delivered to Malaysia under the terms of the […]
Sales Tax Policy No. 2/2022: Facilitation of Drop-shipment Activity
There’s no doubt that the drop-shipping business model is a type of business that is both easy to start and very good for business. Drop-shipping companies are already being started by people of all ages, in all parts of the world, with various histories and levels of expertise. On its MySST website, the Royal Malaysian […]
Service Tax Exemption on Digital Services related to Banking/Financial Services
Updated on 15 July 2023- Dialogue between MOF，LHDNM， and CTIM[21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included […]
