- RMCD issued two service tax policies on 22 July 2026 for rental and leasing services.
- Under Policy No. 4/2026, when multiple entities jointly provide the service under one contract, each entity is treated separately and must register and invoice its own taxable share if it meets the threshold.
- Under Policy No. 2/2025 (Amendment No. 5), MSME tenants can get service tax exemptions based on turnover tiers reported to the IRB.
- The MSME exemption applies to businesses registered in MyPMK by 31 December 2026, with turnover, paid-up capital, and ownership caps determining eligibility.
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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