-
Starting 1 July 2025, Sales Tax rates in Malaysia will increase to 5–10% on luxury and non-essential goods, while essential items will retain their existing lower tax rates.
-
The Service Tax will expand to cover sectors like leasing, construction, education for non-Malaysians, wellness, and private healthcare, with rates ranging from 6% to 8% depending on the service.
-
Businesses are granted a compliance grace period until 31 December 2025, with exemptions available for B2B services, intra-group transactions, and qualifying contracts under the updated legislation.
Source: vatcalc.com
Latest Posts in "Malaysia"
- Guidelines for Converting Foreign Currency to MYR in Service and Sales Tax Invoices (2026)
- Malaysia Publishes Updated e‑Invoicing General FAQs
- Malaysia Updates e‑Invoicing Framework: Specific Guide v4.7 Issued and Phase 4 Relaxation Extended to 31 December 2027
- Malaysia Delays Final E-Invoicing Phase for SMEs Amid Iranian Conflict and Economic Concerns
- Malaysia Sets New Rules for Foreign Currency Conversion on Tax Invoices Effective March 2026
