- Malaysian Customs Department issued Service Tax Policy No. 6/2024 on April 30
- Exemption from paying and charging service tax on maintenance or repair services for MRO activities clarified
- Ministry of Finance granted exemptions for MRO activities
- Service recipients and providers of MRO activities exempt from paying and charging service tax
- Service tax collected must be remitted to Royal Malaysian Customs Department
- No service tax refunds approved for service tax paid on MRO activity services supplied from March 1
- Exemption effective from March 1, 2024, until Dec. 31, 2027.
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.
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