Preparing Businesses on new Indirect Tax Landscape
23 Aug 2018 - Kuala Lumpur, Malaysia

The newly formed Malaysian government has issued an order that Goods and Services Tax (GST) will be zero-rated from 1 June 2018. This does not cover supplies that are already exempted. This interim measure is good as it allows a more gradual transition from a full GST regime to Sales and Service Tax (SST), and minimizes business disruption. This also allows time for the Government to gather views as it formulates the new SST. The introduction of the new SST will be done in a manner that is sensitive to business operations and mindful of resource and costs associated with change. Ultimately, it is hoped that there will be robust engagement between Government and business, leading to a smooth transition.

Posted Date: August 10, 2018
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