Malaysia – Tax & Revenue Update – February 2020.

Income tax

 

The Inland Revenue Board of Malaysia has recently issued the Guideline For Approval Of Director General Of Inland Revenue Under Subsection 44(6) Of The Income Tax Act 1967 on 30 January 2020.

 

Sales tax

 

The following Specific Guides which are only available in the Malay language have been published on the Royal Malaysian Customs Department’s MySST website:

 

1. Panduan Penentuan Jualan Nilai Barang Bercukai di bawah Seksyen 9(3) Akta Cukai Jualan 2018 (as at 30 January 2020);

2. Panduan Pembayaran Balik (Refund), Pulang Balik (Drawback) dan Rayuan Cukai Jualan (as at 13 February 2020)

 

Service tax

 

The following Industry Guide which is only available in the Malay language has also been published on the Royal Malaysian Customs Department’s MySST website:

 

• Panduan Perkhidmatan Penghantaran Dan Pengagihan Elektrik (as at 22 January 2020)

 

Labuan tax

 

The Labuan Business Activity Tax (Amendment) Act 2020 has been gazetted on 10 February 2020. Please refer to Section 1 as to when the provisions come into operation.