Tax

This publication incorporates the amendments contained in the Finance Bill 2019 as well as the proposals and measures introduced in the 2020 Budget which was announced on 11 October 2019.

We have published the 2018/2019 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2018 as well as the proposals and measures introduced in the 2019 Budget.

Since the issue of our Circular 1/2008 on 24 July 2018, a few developments on the proposed sales tax and service tax (hereinafter referred to as “SST”) regime have taken place. The purpose of this second Circular is to update you on the developments on the proposed SST regime during the interim period.

This newsletter serves to update you on the latest development on the proposed re-introduction of the previous sales tax and services tax regime, commonly known by the acronym “SST”.

A briefing was held at the Royal Malaysian Customs Department (“RMCD”) on 19 July 2018 and the following proposals made by the RMCD for the consideration of the Minister of Finance were shared with representatives of the various trade associations and professional bodies.

A full list of proposed taxable services which will be subject to service tax at 6% (with the exception of charge cards and credit cards) was released by the Royal Malaysian Customs on 8 August 2018. Please note the higher threshold of RM1 million for mandatory registration in respect of the provision of services relating to the preparation of food and drinks, the sale of tobacco products and alcoholic and non-alcoholic beverages. Canteen operators in an educational institution or the provision of food and drinks by a religious institution or body do not fall within the provisions of the SST laws.

We have published the 2017/2018 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2017 as well as the proposals and measures introduced in the 2018 Budget.

We have published the 2016/2017 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2016 as well as the proposals and measures introduced in the 2017 Budget.

We have published the 2015/2016 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2015 as well as the proposals and measures introduced in the 2016 Budget.

We have published the 2012/2013 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2012 as well as the proposals and measures introduced in the 2013 Budget.

We have published the 2011/2012 Malaysian Taxbiz Companion. This handy and easy-to-read booklet contains useful information on Malaysian taxation incorporating the amendments contained in the Finance Bill 2011 as well as the proposals and measures introduced in the 2012 Budget.