- RMCD issued Service Tax Policies with exemptions effective 1 July 2025 for various services including Financial, Rental or Leasing, Construction, Education, and Private Healthcare.
- Exemptions include non-reviewable contracts for certain services, B2B exemption for Financial Services, and group relief for Rental or Leasing Services.
- Registration threshold for Service Tax on Rental or Leasing and Financial Services increased from RM500,000 to RM1 million, pending amendment regulations.
- SMEs with annual sales not exceeding RM1 million are exempt from Service Tax on Rental or Leasing Services.
- Beauty Services will no longer be subject to Service Tax, pending amendment regulations.
- New registrants can apply for voluntary registration for expanded taxes starting 28 June 2025, effective 1 July 2025, or 1 August 2025 if registered in July.
Source: kpmg.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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