- The Malaysian Government issued Excise Duties Orders related to the imposition of excise duty on premix preparations.
- The imposition of excise duty on premix preparations was first announced on 29 October 2021 during Malaysia’s Budget 2022, and is an expansion of the excise duty on ready-to-drink sugar sweetened beverages, which came into force on 1 July 2019.
- Based on a notice issued by the Royal Malaysian Customs Department, the imposition of excise duty on premix preparations has been postponed to 1 January 2023. The key features of the excise duty are summarized in this Alert.
Source EY
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