Goods And Services Taxes (GST) Does Not Burden The People, Says Malaysian Premier Malaysian Prime Minister, Datuk Seri Najib Abdul Razak said the introduction of the Goods and Services Tax (GST), although unpopular, was the right decision in view of changing economic circumstances. He said the GST was only imposed after extensive studies were carried out…
Latest GST updates in Malaysia Beginning January 18, 2018, all applications for GST registration via Taxpayer Access Points (TAP) in Malaysia will be approved within 24 hours. In the event approval was not granted within 24 hoursafter submitting a complete application, those concerned can contact 1-300-888-500 or e-mail [email protected] Also, the Royal Malaysian Customs Department also announced that…
Exemption from Withholding Tax for Services rendered and performed outside Malaysia Effective 6 September 2017, the Government through the Income Tax (Exemption) (No.9) Order 2017 (P.U. (A) 323) dated 23 October 2017, exempts non-resident person from payment of income tax in respect of income from services which are rendered and performed by the person outside…
Malaysia Imposes Travel Ban On Those Who Fail To Settle Their GST Traders who fail to pay the Goods and Services Tax (GST) will be blacklisted from going abroad, the Royal Malaysian Customs Department has said. The Malaysian government recently announced that it will blacklist all traders who fail to pay the Goods and Services…
Tax treatment on digital advertising On 29 September 2017, the Inland Revenue Board of Malaysia (IRBM) has released a press statement to inform that the treatment of digital advertising payments would be determined based on the facts of the case and the Income Tax Act 1967. The IRBM also informed that they will not be issuing any…
Minister’s Relief 1/2017 – Relief from charging of GST on the supplies of services which are directly in connection with goods for export to overseas customer The RMCD has recently issued the Relief by Minister of Finance 1/2017 in relation to the following group of supplies: a. The supply of services directly in connection…
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