- Malaysian Inland Revenue Board issued an updated guide on sales tax exemption for registered manufacturers
- Topics covered include relevant definitions, application and conditions for exemption, process of obtaining a certificate and export, transport, or return of exempted goods, responsibilities of exempted manufacturers, application of sales tax in case of non-compliance, reporting losses from fire, natural disaster, and theft of exempted goods, and procedure related to termination of business
- Guide includes various forms and FAQs
Source: news.bloombergtax.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.
