The Royal Malaysian Customs Department has released a draft guide on the upcoming service tax rate increase and expanded scope, to be effective from 1 March 2024. The draft guide includes key points such as the increased service tax rate from 6% to 8% for most services, with exceptions for certain services remaining at 6%. It also expands the scope of taxable services to include karaoke center services, maintenance and/or repair services, brokerage and underwriting services, and logistics services. Transitional rules for the applicable service tax rate are also outlined in the guide. Furthermore, a separate guide will be issued for digital services provided by foreign registered persons.
Source Orbitax
Latest Posts in "Malaysia"
- Retailers Call for Fair, Business-Friendly Tax Reform Amid GST-SST Debate
- Malaysia Studies Hybrid Tax System Combining SST and GST
- FMM Welcomes GST Features in SST to Reduce Cascading Taxes
- Malaysia Considers GST Elements in SST, Rejects Broad-Based Tax for Now
- Malaysia Weighs GST Reintroduction Amid Fiscal Pressures and Cost-of-Living Concerns
