- Service Tax rate for rental and leasing services reduced from 8% to 6%; exemption threshold for MSMEs increased from MYR1m to MYR1.5m.
- Newly established businesses get a one-year Service Tax exemption on rental/leasing services after tax registration.
- Sales Tax exemption granted for critical raw materials/inputs used by registered producers of livestock feed, fertilizers, and pesticides.
- Service Tax waived on construction agreements signed before July 1, 2025 (without review clause) until June 30, 2027.
- Retroactive Service Tax exemption from July 1, 2025, for construction of religious and spiritual buildings.
Source: vitallaw.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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