1 May, 2019
Income tax
The Inland Revenue Board of Malaysia (“IRB”) has recently issued a Guideline on Dispute Resolution Proceeding.
The IRB also issued an amended version of the Operational Guidelines No. 1/2018 on Special Program for Voluntary Disclosure on 29 March 2019.
Sales tax
A revised version of the Specific Guide on Sales Tax Deduction Facility (as at 19 April 2019) has been published on the Royal Malaysian Customs Department’s MySST website.
Service tax
The Service Tax (Amendment) Bill 2019 which was tabled in Parliament on 3 April 2019 has been passed by the Dewan Rakyat on 8 April 2019. The objective of this Amendment Bill is to expand the scope of tax under Service Tax Act 2018 to include the widely anticipated “digital tax” or 6% service tax on digital services such as Spotify and Netflix provided by foreign service providers to Malaysian consumers. Once the Amendment Bill becomes law, this digital tax will be implemented with effect from 1 January 2020.
Goods and Services Tax (“GST”)
The following GST Guides have also been published on the Royal Malaysian Customs Department’s MySST website:
i. Declaration and Adjustment After 1st September 2018 (as at 19 April 2019);
ii. Tax Invoice, Debit Note, Credit Note and Retention Payment After 1stSeptember 2018 (as at 19 April 2019).
For further information, please contact:
Abhilaash Subramaniam, Shearn Delamore & Co
abhi@shearndelamore.com
