The Royal Malaysian Customs Department (RMCD) issued tax policies in December 2021 to give effect to certain indirect tax measures announced in Budget 2022. These include the introduction of a service tax exemption for certain brokerage services related to the trading of stock that is effective as from 1 January 2022 and an extension of the exemption from the payment and collection of tourism tax for foreign tourists that stay at registered premises until 31 December 2022.
Source Deloitte
Latest Posts in "Malaysia"
- Malaysia Amends Sales Tax Exemption for Cross-Border Vehicles, Effective September 1, 2025
- Malaysia’s 2025 SST Reform: Expanded Scope, Higher Sales Tax and e-Invoicing Implications
- RMCD Updates 2025 Guide on Management Services: New Tax Rates and Service Classifications
- Amended Service Tax Policy: Exemptions Removed for Financial, Rental, Healthcare, and Education Services
- Malaysia 2025 Tax Updates: E-Invoicing, Dividend Rules, and MSME Support Announced
