Foreign Currency Exchange Rate for Foreign-Source Income received in Malaysia
Effective 1 January 2022, the tax exemption for foreign-sourced income (“FSI”) received by Malaysian residents provided for under Para 28 was removed following the Budget 2022 made on 29 October 2021. The removal of the tax exemption for foreign-sourced income received by Malaysian residents implies that this type of income will be taxable in Malaysia, […]
Excise Duties (Labuan) (Amendment) Order 2023
Pursuant to the authority granted by paragraph 90A(1)(a), read together with paragraph 90B(b) of the Excise Act 1976 [Act 176], the Minister has issued the Excise Duties (Labuan) (Amendment) Order 2023. This Order, which comes into effect on 1 April 2023, amends sub-subparagraph 2(e) of the Excise Duties (Labuan) Order 2022 [P.U. (A) 183/2022] by […]
Customs Duties (Goods under the RCEP Agreement (Amendment) Order 2023
The Malaysian government has issued the Customs Duties (Goods under the Regional Comprehensive Economic Partnership Agreement) (Amendment) Order 2023, which comes into effect on March 15, 2023. This order amends the Customs Duties (Goods under the Regional Comprehensive Economic Partnership Agreement) Order 2022. The changes involve substituting references to the Customs Duties Order 2017 with […]
Excise Duties (Pangkor) (Amendment) Order 2023
The Minister has made an order under the powers conferred by paragraph 91U(1)(a) read together with paragraph 91V(b) of the Excise Act 1976 [Act 176]. This order, known as the Excise Duties (Pangkor) (Amendment) Order 2023, comes into operation on 1 April 2023. The Excise Duties (Pangkor) Order 2022 [P.U. (A) 174/2022] is amended in […]
Excise (Customs Ruling) (Amendment) Regulations 2023
Excise Duty is a tax imposed on certain goods imported into or manufactured in Malaysia. IN exercise of the powers conferred by subsection 85(2) of the Excise Act 1976 [Act 176], the Minister makes Excise (Customs Ruling) (Amendment) Regulations 2023. The amendments include substituting certain phrases and deleting Schedules A, B, and C from the […]
Sales Tax (Person Exempted from Payment of Tax) (Amendment) Order 2023
By virtue of the powers conferred by paragraph 35(1)(b) of the Sales Tax Act 2018 [Act 806], the Minister has gazetted the Sales Tax (Person Exempted from Payment of Tax) (Amendment) Order 2023. This order, which comes into effect on 1 April 2023, amends Schedule A of the Sales Tax (Person Exempted From Payment of […]
Customs (Customs Ruling) (Amendment) Regulations 2023
A Customs ruling is a ruling provided by the Customs Department following a request by a trader, agent or individual. It is a binding ruling issued in writing by the Director General of Customs and can serve as a guide regarding duty liabilities involved in business activities such as: Customs rulings are issued for: IN […]
Sales Tax (Goods Exempted from Tax)(Amendment) Order 2023
IN exercise of the powers conferred by paragraph 35(1)(a) of the Sales Tax Act 2018 [Act 806], the Minister makes Sales Tax (Goods Exempted from Tax)(Amendment) Order 2023. The Sales Tax (Goods Exempted from Tax) Order 2022 [P.U. (A) 175/2022] is amended in Schedule A as follows: For a complete understanding of the amendments, interested […]
ASEAN Harmonised Tariff Nomenclature and ATIGA Amendment Order 2023
Customs Duties (Goods of ASEAN Countries Origin) (ASEAN Harmonised Tariff Nomenclature and ASEAN Trade in Goods Agreement) (Amendment) Order 2023 has been issued by the Minister in accordance with the Customs Act 1967 [Act 235]. The Order, which comes into effect on 1 April 2023, amends the First Schedule of the Customs Duties (Goods of […]
Service Tax (Compounding of Offences) (Amendment) Regulations 2023
In the exercise of the powers conferred by subsection 80(1) of the Service Tax Act 2018 [Act 807], the Minister has made the Service Tax (Compounding of Offences) (Amendment) Regulations 2023. The Service Tax (Compounding of Offences) Regulations 2018 [P.U. (A) 218/2018] are amended in the First Schedule, in paragraph (a), by inserting after item […]
