The government announced the possible introduction of an LGT during the re-tabled Budget 2023. The Ministry of Finance has obtained feedback from key stakeholders and is reviewing various aspects, such as the goods involved, implementation timeline and tax rates but no further details have been announced.
Source: BDO
Latest Posts in "Malaysia"
- Malaysia issues guidance on foreign currency exchange rates for service and sales tax invoices
- Malaysia Introduces Accelerated Capital Allowances to Support E-Invoicing Implementation from 2024 to 2027
- Accelerated Capital Allowance for E-Invoicing: New Rules for YA 2024–2027 in Malaysia
- Understanding E-Invoicing and Required Electronic Documents Under Malaysia’s E-Invoice System
- Malaysia Introduces Financial Incentives to Accelerate E-Invoicing Adoption and Compliance
