Draft Guide on Goods Delivery Services dated 9 January 2023 (Bahasa Malaysia version)
Service Tax is a consumption tax administered under the Service Tax Act 2018 and its subsidiary legislation. The effective date of the Service Tax Act 2018 is 1 September 2018. Service tax is levied on services known as “Taxable Services”. Any person providing taxable services exceeding the prescribed threshold is required to be registered under […]
Customs (Anti-Dumping Duties) (Extension) Order 2023 [P.U.(A) 33/2023]
Please be advised that the Minister has issued an order under section 25 of the Countervailing and Anti-Dumping Duties Act 1993 [Act 504] and subsection 11(1) of the Customs Act 1967 [Act 235]. This order, known as the Customs (Anti-Dumping Duties) (Extension) Order 2023, extends the Customs (Anti-Dumping Duties) Order 2018 published in P.U. (A) […]
TIN for all Categories of Taxpayers except the Individual and Employer Categories
The Inland Revenue Board of Malaysia has informed us (being CTIM members) that the Tax Identification Number (TIN) format for all categories of taxpayers except for individual and employer categories has been changed. This is in line with the implementation of the Tax Identification Number and changes to the internal system of the Inland Revenue […]
Windfall Profit Levy (Oil Palm Fruit) Order 2023 [P.U.(A) 31/2023]
Introduction: In accordance with section 6 of the Windfall Profit Levy Act 1998 [Act 592], the Minister has exercised power to make the Windfall Profit Levy (Oil Palm Fruit) Order 2023. The order comes into effect on 1st February 2023. The order prescribes the price of locally delivered crude palm oil per metric ton and […]
Double Taxation Relief (The Government of the Republic of Poland) order 2014
Please be informed that the Malaysia-Poland Double Taxation Avoidance Agreement (DTAA) signed on 8 July 2013 (DTAA 2013): References: 1. HASiL announcement on dates of entry into force of Articles in Double Taxation Relief (Poland) 2. Double Taxation Relief (The Government of the Republic of Poland) Order 2014 8
Amendment to Customs Duties for ASEAN-Japan Economic Partnership Agreement Goods Order 2023
The Minister, under the powers conferred by subsection 11(1) of the Customs Act 1967 [Act 235], makes the Customs Duties (Goods under the Agreement on Comprehensive Economic Partnership among the Government of the Member States of the ASEAN and Japan) (Amendment) Order 2023. This Order will come into effect on 1 March 2023. The purpose […]
Deferment of imposition of sales tax on low-value goods (LVG)
Sales Tax applies to all taxable goods produced domestically or imported from other countries into Malaysia. Nevertheless, Low-Value Goods (LVG) imported by air couriers from overseas are exempt from Sales Tax under the de minimis facility, which permits a waiver of small tax amounts for efficiency reasons. The Ministry of Finance announced in Budget 2022 […]
Quick Facts: How to Prepare Forms E and EA
Announcement: We are pleased to announce that CCS will hold a Facebook Live-sharing session on “Quick Facts: How to Prepare Form E and EA” on March 23, 2023, from 9 a.m. to 1 p.m. This sharing was initially meant for in-house training, but we have decided to open it up to the public for free. […]
The Minister Appoints 1 January 2023 as the Effective Date for Indirect Tax Amendment Acts
The following Amendment Acts will come into operation on 1 January 2023, as appointed by the Minister: Reference: 1. Customs (Amendment) Act 2022 [Act A1669] 2. P.U. (B) 639 3. Excise (Amendment) Act 2022 [Act A1670] 4. P.U. (B) 640 5. Sales Tax (Amendment) Act 2022 [Act A1671] 6. P.U. (B) 641 7. Service Tax […]
IRBM’s Responses to CTIM Members’ Issues Raised at the CTIM Tax Audit and Investigation Roadshow
On the 5th of December 2022, CTIM had a courtesy visit meeting with the Deputy Chief Executive Officer (Compliance) of the Inland Revenue Board of Malaysia (IRBM). Also in attendance were representatives from the IRBM Tax Compliance Department and the IRBM Investigation Department. This visit will allow the CTIM and IRBM Tax Audit and Investigation […]
