5 Major Developments in Malaysia

5 Major Developments in Malaysia

• Legislative updates relating to excise duty and free zones
• GST could save Malaysia from RM1.5tril black hole
• Summary of indirect tax developments (March 2023)
• Indirect and Income Tax Proposals in “Re-Tabled” 2023 Budget
• Delay in Implementation of Sales Tax on Low-Value Goods

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Customs

• Summary of indirect tax developments (March 2023)

E-Commerce / Electronic Services

• Delay in Implementation of Sales Tax on Low-Value Goods

• Postponement of certain indirect taxes announced

• Sales Tax on Low Value Goods in Malaysia Postponed

• Malaysia Postpones Imposition of Sales Tax on Low Value Goods

• Malaysia Will Levy Sales Tax on Low Value Goods Beginning in April 2023

• Q&As regarding service tax on digital services and implementation of sales tax on low value goods

• Summary of income and indirect tax developments (January 2023)

• Legislation and online portal for sales tax on “low value goods”

• Malaysia Sales Tax on low-value B2C imported goods March 2023

Excise

• Malaysia Budget 2023 (Retabled)

• Summary of income and indirect tax developments (January 2023)

• Legislative updates relating to excise duty and free zones

Exemption

• Sales Tax on Low Value Goods in Malaysia Postponed
• Summary of indirect tax developments (March 2023)

• Imposition of sales tax on Low Value Goods supposed to be effective on 1st of April 2023 has been postponed

• Exempt tourists from luxury goods tax, govt told

• Indirect and Income Tax Proposals in “Re-Tabled” 2023 Budget

• Malaysia Budget 2023 (Retabled)

• Service tax exemption for non-bank digital payment service providers clarified

Implementation / Reform

• No plans to reintroduce GST within next 6 months: Malaysia PM Anwar

• Indirect tax measures in Budget 2023

• This Month in Indirect Tax: VAT Rulings on NewsCorp and OnlyFans

• Implementing GST now could worsen inflation

• Malaysia rejects reintroduction of GST

• Is Malaysia set to reinstate GST?

• Malaysia will not reintroduce goods and services tax: PM Anwar

• World Bank: GST not the only option

• Govt Will Not Reinstate GST For Now

• GST could save Malaysia from RM1.5tril black hole

Importation

• Sales Tax on Low Value Goods in Malaysia Postponed
• Summary of indirect tax developments (March 2023)
• Imposition of sales tax on Low Value Goods supposed to be effective on 1st of April 2023 has been postponed
• Malaysia Budget 2023 (Retabled)
• Malaysia Will Levy Sales Tax on Low Value Goods Beginning in April 2023
• Q&As regarding service tax on digital services and implementation of sales tax on low value goods

• Malaysia to imposes sales tax on imports of low value goods from 1 April 2023

• Legislation and online portal for sales tax on “low value goods”

Place of Supply

• Draft service tax guide on goods delivery services

Rate

• Malaysia Postpones Imposition of Sales Tax on Low Value Goods

Reporting / Compliance

• Indirect and Income Tax Proposals in “Re-Tabled” 2023 Budget

• Summary of indirect tax developments

• A Guide to Taxation in Malaysia

Supply of Goods

• Draft service tax guide on goods delivery services

Supply of Services

• Draft service tax guide on goods delivery services

• Update on proposed service tax on delivery services for goods

Taxable Transaction

• Malaysia Postpones Imposition of Sales Tax on Low Value Goods

Tax authorities / Penalties

• Indirect tax measures in Budget 2023