- The Royal Malaysian Customs Department issued guidance on sales tax exemptions for manufacturing aids and cleanroom equipment.
- The exemptions are effective from 1 January 2024.
- The guidance includes Public Ruling 2/2024 and guides on sales tax exemption under Schedule B and Schedule C.
- The guidance was issued on 29 December 2023.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Malaysia"
- Malaysia’s 2025 SST Reform: Expanded Tax Scope, New Rates, and E-Invoicing Challenges
- Government Favors Enhancing SST Over Reintroducing GST for Faster Revenue and Fiscal Impact
- MoF Favors SST Over GST for Faster Implementation and Revenue Generation
- Malaysia’s 2026 E-Invoicing Mandate: Key Updates and Implementation Timeline
- Impact of Malaysia’s Expanded Sales and Service Tax on Businesses: Key Changes and Exemptions
