Guidelines for the Transition of changes in Service Tax Rates
Introduction The Guidelines on Transition of Changes in Service Tax Rates provide guidance on the application of old and new service tax rates during the transitional period when the standard rate increases from 6% to 8% effective 1 March 2024. Purpose The Guidelines aim to facilitate understanding of the determination of the applicable service tax […]
Service Tax (Persons Exempted from Payment of Tax) (Amendment) Order 2024
The Service Tax (Persons Exempted from Payment of Tax) (Amendment) Order 2024 introduces a new exemption for taxable services provided within Group J entities. This amendment, which comes into effect on 1 March 2024. Specifically, a taxable person in Group J who provides taxable services to another taxable person within Group J will be exempted […]
Service Tax (Rate of Digital Services Tax) (Amendment) Order 2024
The Service Tax (Rate of Digital Services Tax) (Amendment) Order 2024 [P.U (A) 67/2024] amends the service tax rate for digital services provided by foreign service providers from 6% to 8%, effective 1 March 2024. This is an increase from the previous 6% rate established in the Service Tax (Rate of Digital Services Tax) Order […]
Customs (Prohibition of Imports)(Amendment) Order 2024
The Customs (Prohibition of Imports) (Amendment) Order 2024 amends the Customs (Prohibition of Imports) Order 2023, which regulates the prohibition and control of imports into Malaysia. The Order makes two key amendments: Overall, the amendments update regulatory overseers and widen the scope of controlled metal waste and scrap imports in alignment with current governmental and […]
Excise Duties (Exemption)(Amendment) Order 2024 (Amendment) Order 2024
The Excise Duties (Exemption) (Amendment) Order 2024 and the Excise Duties (Exemption) (Amendment) Order 2024 (Amendment) Order 2024 introduced changes to the excise duties exemption for certain food and beverage products in Malaysia. Specifically, the first Order expands the exemption to cover additional premix products with lower sugar content. It also revises the conditions around […]
Customs Duties (Goods under the Agreement Establishing the ASEAN – Australia – New Zealand Free Trade Area)(Amendment) Order 2024
The Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) is an agreement between ASEAN Member States (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), Australia and New Zealand. It delivers extensive tariff reduction and greater certainty for services suppliers and investors. The Agreement remains the highest quality of ASEAN’s […]
Service Tax (Amendment) Regulations 2024
The Service Tax (Amendment) Regulations 2024, gazetted on 23 February 2024, introduce amendments to the existing Service Tax Regulations 2018. Effective Date: The amendments came into operation on 26 February 2024. Some of the key amendments include: This gazette contains important changes to Malaysia’s service tax framework that those in relevant industries should know. For […]
Customs Duties (Exemption)(Amendment) Order 2024
The Customs Duties (Exemption) (Amendment) Order 2024 [P.U (A) 63/2024], gazetted on 26 February 2024, introduces amendments to the Customs Duties (Exemption) Order 2017. This amendment order specifically adds “Jadestone Energy (Malaysia) Pte. Ltd.” to the list of companies that qualify for customs duty exemption on approved materials and equipment imported for use in petroleum […]
Service Tax (Rate of Tax) (Amendment) Order 2024
The Service Tax (Rate of Tax) (Amendment) Order 2024, a significant legislative update, has been officially gazetted on 26 February 2024 and revises the standard service tax rate while retaining lower rates for certain services. Key Points Transitional Rules The rules cater for the transition and avoid a sudden change in service tax rate on […]
Service Tax (Imposition of Tax for Taxable Service in respect of Designated Areas and Special Areas) (Amendment) Order 2024
The Service Tax (Imposition of Tax for Taxable Service in respect of Designated Areas and Special Areas) (Amendment) Order 2024: In summary, the Order expands the scope of taxable logistic services that are subject to service tax when provided within or between designated and special areas in Malaysia. References: Service Tax (Imposition of Tax for […]
