Guidelines for Converting Foreign Currency to MYR in Service and Sales Tax Invoices (2026)

• Public Ruling No. 01/2026 clarifies how to convert foreign currency amounts into Malaysian Ringgit (MYR) for service and sales tax invoices.
• Applies to service tax-registered persons and sales tax-registered manufacturers issuing invoices in currencies other than MYR.
• The applicable foreign currency selling exchange rate in Malaysia at the time of service provision or goods sale must be used, sourced from approved entities (BNM, Malaysian banks, international news agencies, or foreign central banks).
• The same exchange rate source must be used consistently for at least one year; alternative sources require written approval from Customs.
• For imported taxable goods, customs, excise, and sales tax must use the exchange rate set by the Director General of Customs at importation.

Source: fiscal-requirements.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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