Starting in August 2024, Malaysia will implement a CTC clearance model for large taxpayers engaged in commercial activities. The pilot phase, originally set for January 2024, has been postponed, and the Inland Revenue Board of Malaysia (IRBM) has now scheduled it to begin in May with 50 participating companies. Participation in the pilot program is voluntary for any company interested.
Source Sovos
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Click on the logo to visit the website
Latest Posts in "Malaysia"
- RMCD Updates 2025 Guide on Management Services: New Tax Rates and Service Classifications
- Amended Service Tax Policy: Exemptions Removed for Financial, Rental, Healthcare, and Education Services
- Malaysia 2025 Tax Updates: E-Invoicing, Dividend Rules, and MSME Support Announced
- 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
