- Malaysia Service Tax to rise to 8% in March 2024
- The Royal Malaysian Customs Department has provided guidance on the implementation of the 2% rise in Service Tax
- Three scenarios for taxation and how to treat the rise have been outlined
- Existing 6% rate applies for services fully provided before 1 March
- If services have started before 1 March and completed by 31 August, the 6% rate may still be applied
- New 8% rate will apply for services provided after 1 March that do not qualify for the previous scenarios.
Source: vatcalc.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.
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