- Service tax rate on rental or leasing services reduced from 8% to 6%, effective Jan. 1.
- Annual sales limit for MSMEs exempt from service tax on rental or leasing services increased to 1.5 million ringgits, effective Jan. 1.
- One-year service tax exemption on rental or leasing services for newly registered MSMEs, effective Jan. 1.
- Specified raw materials or inputs used by registered manufacturers are exempt from sales tax, effective Jan. 1.
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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