- The Royal Malaysian Customs Department issued amended and new service tax policies in October 2025, expanding the scope of service tax effective from 1 July 2025.
- Key updates include targeted reliefs and exemptions for financial services, rental or leasing services, construction work, education, and private healthcare.
- Financial services: Exemption for management services of fixed price funds now applies to Amanah Saham Nasional Berhad; insurance/takaful companies may get exemptions on reinsurance/re-takaful services under specific conditions.
- Rental or leasing services: Updated exemption conditions for non-reviewable contracts (must be signed and stamped by 9 June 2025); group relief clarified and expanded to include overseas group companies.
- Additional clarifications and compliance requirements introduced for certain exemptions.
Source: taxathand.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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