- Starting 1 July 2025, Malaysia will impose sales and services tax on construction and financial services sectors Construction sector will have a tax rate of 8 percent Financial services sector will have a tax rate of 6 percent Exemptions include capital markets, foreign exchange, and residential construction
Source: bdo.global
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.
Latest Posts in "Malaysia"
- Malaysia Revises Service Tax Rules, Adds New Exemptions Effective July 2025
- Malaysia Issues New Service Tax Policies for Healthcare and Construction Effective July 2025
- E-invoicing in Malaysia technical factsheet
- Briefing Document & Podcast: E-Invoicing in Malaysia: Scope, Regulations & Future Outlook
- Malaysia Drops High-Value Goods Tax, Applies Higher Sales Tax to Luxury Items
