Service Tax Policies (STP) on Digital Services
STP No. 1/2022 dated 1 August 2022 On August 1, 2022, the Royal Malaysian Customs Department announced the Service Tax Policy 1/2022 (only available in the Malay language) on the service tax exemption on providing digital payment services by local non-bank providers. This amendment came into effect on the first day of August 2022. This […]
Dewan Negara passed Indirect Tax (Amendment) Bills 2022
The Dewan Negara passed the following Bills on 15 August 2022 and have been made available on the official Portal of Parliament of Malaysia website:- · Customs (Amendment) Bill 2022 – to amend the Customs Act 1967 [Act 235] · Excise (Amendment) Bill 2022 – to amend the Excise Act 1976 [Act 176] · Free […]
Sales Tax (Amendment) Regulations 2022
In the exercise of the powers conferred by section 106 of the Sales Tax Act 2018 [Act 806], the Minister, on August 12, 2022, gazetted the Sales Tax (Amendment) Regulations 2022 (P.U. (A) 259/2022), which come into operation on 15 August 2022. The Sales Tax Regulations 2018 [P.U. (A) 203/2018] are amended:- Returns Returns can […]
Service Tax (Digital Services) (Amendment) Regulations 2022
In the exercise of the powers conferred by paragraph 91(2)(m) of the Service Tax Act 2018 [Act 807], the Minister, on August 12, 2022, gazetted the Service Tax (Digital Services) (Amendment) Regulations 2022 (P.U. (A) 260/2022). The Service Tax (Digital Services) Regulations 2019 [P.U. (A) 269/2019] are amended. Digital service provided to the group of […]
RMCD: Guide on Customs Agent Services
The Royal Malaysian Customs Department (RMCD) has just lately published the revised Guide on Customs Agent Services with a publication date of August 9, 2022. The updated guide replaces the older guide published on March 15, 2019, and it is available here. At the very end of the revised guideline is an appendix that contains a […]
Postponement of Implementation of Service Tax on Goods Delivery Services
Budget 2022’s Proposal During the announcement of the 2022 budget, it was proposed that the scope of application of the Service Tax be expanded to include services related to the delivery of goods, regardless of the status of the service providers (whether licenced or not). However, the delivery of food and beverages and logistic services […]
Imposition of Tax on Low Value Goods Sales Tax (Amendment) Bill 2022
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 […]
Amended Guidelines on Application for Stamp Duty Relief
The IRB published the following guidelines on March 24, 2022: The Guidelines take the place of the previous Guidelines, which were issued on February 26, 2019. These guidelines were issued to explain the procedures involved in applying for stamp duty relief in the reconstruction or amalgamation of companies provided under Section 15 of the Stamp […]
PR No. 1/2020 – Application for Review
On July 29, 2020, the RMCD published two new public rulings in the national language on review applications and drawback facilities on imported goods that are subsequently re-exported. Both of these rulings came into effect on that date. Amendments to the Public Ruling No. 1/2020 An amended version of the Public Ruling No. 1/2020 was issued on […]
Sales Tax Policy No. 1/2022 – Sales Tax Exemption on Pallets
1. On April 11, 20222, the Royal Malaysia Customs Department (RMCD) published the Sales Tax Policy 1/2022 (“SATP 1/2022”) on its website. 2. The SATP 1/2022, which was dated April 5, 2022, is presently only available in Bahasa Malaysia. 3. Join our Telegram – https://t.me/YourAuditor 🌻🌻🌻🌻🌻🌻🌻🌻 1. 20222年4月11日，马来西亚皇家关税局 (RMCD)在其网站上公布了1/2022号销售税政策(‘SATP 1/2022”)。 2. 第3/2021号服务税政策(第1号修正案)目前只有马来语版本。 3. 加入 Telegram […]
