Regarding indirect taxes, the budget for 2022 proposes:
- Special voluntary disclosure program for indirect taxes to be introduced in two phases
- ..
- Import duty exemptions on the purchase of electric vehicles
- Extension of sales tax exemption on the purchase of passenger cars until 30 June 2022
- ..
- Service tax on goods, imposed on delivery services provided by service providers including e-commerce platform (except for food and beverages delivery services and logistic services) effective from 1 July 2022
- Imposition of sales tax on goods not exceeding RM500 from abroad sold online by traders (local and overseas) and delivered to consumers in Malaysia via air courier service effective from 1 January 2023
Source: KPMG
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