Malaysia -Tax & Revenue Update – May 2018.

31 May, 2018

 

Income tax
 
The Inland Revenue Board of Malaysia has issued a new public ruling on Tax Incentive for Returning Expert Programme (Public Ruling No 2/2018) on 2 May 2018.
 
Goods and Services Tax ("GST")
 
The following Orders have been gazetted on 16 May 2018 and will come into operation on 1 June 2018: 

 

1. Goods and Services Tax (Rate of Tax) (Amendment) Order 2018
2. Goods and Services Tax (Zero-Rated Supply) (Revocation) Order 2018
3. Goods and Services Tax (Relief) (Revocation) Order 2018
4. Goods and Services Tax (Imposition of Tax for Supplies in respect of Free Zones) (Revocation) Order 2018
5. Goods and Services Tax (Application to Government) (Revocation) Order 2018
6. Goods and Services Tax (Imposition of Tax for Supplies in respect of Designated Areas) (Revocation) Order 2018.

 

 

For further information, please contact:

 

Abhilaash Subramaniam, Shearn Delamore & Co​

abhi@shearndelamore.com