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) […]
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 […]
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 […]
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, […]
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 […]
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 […]
Excise (Exemption From Licensing) (Amendment) Order 2022
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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 […]
Sales Tax (Exemption from Registration) (Amendment) Order 2022
Exemption from registration for sales tax is permitted for those whose operations are specified in Schedule A under the Sales Tax (Persons Exempted from Payment of Tax) Order 2018. In the exercise of the powers conferred by subsection 20(1) of the Sales Tax Act 2018 [Act 806], the Minister, on September 1, 2022, gazetted the […]
Guide on Sales Tax Exemption Under Schedule C – Persons Exempted From Payment Of Tax
On August 23, 2022, the Royal Malaysian Customs Department (RMCD) released the following document onto the MySST website: Guide on Sales Tax Exemption Under Schedule C, Sales Tax (Persons Exempted From Payment Of Tax) Order 2018. If you are a registered manufacturer, you can apply for exemptions from tax payment under Schedule C of the […]
