Customs (Amendment) Regulations 2024
The Customs (Amendment) Regulations 2024 [P.U (A) 53/2024] amends the Customs Regulations 2019 to gazette the Terengganu Silica Port in Setiu, Terengganu as a new customs port and legal landing place for all goods. This amendment inserts the Terengganu Silica Port, Setiu, into the First Schedule Part II to specify its location and working hours. […]
Draft Guide on Transitional Change of Service Tax Rate
The Royal Malaysian Customs Department (RMCD) has uploaded Draft Guide on Transitional Change of Service Tax Rate dated 7 February 2024. This Draft Guide on Transitional Change of Service Tax Rate is available only in Bahasa Malaysia version. For your convenience, CCS has translated the Malaysian version of the draft guidelines into English. INTRODUCTION 8. […]
Customs (Amendment) (No. 3) Regulations 2023
Customs (Amendment) (No. 3) Regulations 2023 [P.U. (A) 323, gazetted on 25/10/2023], pertain to amendments made to the Second Schedule of the Customs Regulations 2019, specifically concerning the customs port for Johor. The effective date for these regulations is 1 November 2023. The specific changes made to the Second Schedule of the Customs Regulations 2019 […]
Budget 2024 Speech: Service Tax to be raised to 8%
Service tax is imposed on taxable services specified in the First Schedule, Service Tax Regulation 2018, as follows: Budget 2024 Speech proposed that starting from 1 March 2024:- 13
Tax and Duty Implications for Exporters: Use of New Code for Export of Finished Goods
The notification from the Royal Malaysian Customs Department (RMCD), dated 24 May 2023, is of utmost importance for companies engaged in exporting activities. Starting from 1 June 2023, these companies are mandated to use the code “XE – EXPORT FINISHED GOODS WITH EXEMPTION” within the Customs Information System (Sistem Maklumat Kastam (SMK)) when declaring the […]
Customs Revised Guides on Accommodation
Some significant amendments to the Service Tax Regulations 2018 under the Service Tax (Amendment) Regulations 2023 [P.U. (A) 150/2023], which was gazetted on 12 May 2023. These Regulations come into operation on 15 May 2023. We would like to inform you that the RMCD released an updated service tax guide on accommodation services on 27 […]
Stamp Duty (Remission) (No. 3) Order 2023
In accordance with the power vested by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister has issued Stamp Duty (Remission) (No. 3) Order 2023 [P.U (A) 208/2023]. Under this Order, the Minister hereby grants remission for stamp duty, as specified in sub-subitem 31(a) of the First Schedule to the Act, in excess […]
Notice of the Termination of Adhesive Stamps (Revenue Stamps) at LHDNM Stamp Counters
The Inland Revenue Board of Malaysia (HASiL) issued a letter to the Chartered Tax Institute Of Malaysia dated 27 July 2023 that the use of adhesive stamps (Revenue Stamps) at HASiL’s Stamp Duty Counter and the District Stamp Offices is to be terminated effective from 1 January 2024. Reference:- Disclaimer: The articles, templates, and other […]
Form SST-ADM & Form SST-ADM 2：Voluntary Declaration of Taxes Under Sales Tax and Service Tax Act
The Royal Malaysian Customs Department (RMCD) has issued the following forms on its MySST website on 1 August 2023. Here is a summary of the SST-ADM and SST-ADM 2 forms: SST-ADM Purpose: For voluntary declaration to pay sales or service tax to Royal Malaysian Customs Department. Used when: SST-ADM 2 Purpose: For voluntary declaration to […]
Free Zones (Amendment) (No. 2) Regulations 2023
The Ministry of Finance has gazetted the Free Zones (Amendment) (No. 2) Regulations 2023 which will come into operation on 1 August 2023. The key amendments are as follows: With the introduction of this new free zone, businesses located within the zone can enjoy benefits such as exemption from customs duties when importing raw materials, […]
