Malaysia 2018 GST changes

January 2nd, 2018

The Malaysian 2018 Budget introduced a number changes to the Goods and Services Tax regime. These include: Reclassifying the sale of newspapers, journals and books as nil-rated Exempting local government services from GST Exempting from GST management and maintenance services for certain housing development. The above changes came into effect on 1 January 2018.


Malaysia cuts GST registration threshold

November 9th, 2015

The new 2016 budget has introduced a number of changes to the Malaysian GST regime, which was introduced in April this year to replace the Sales and Services Taxes. The GST rate is 6%. The changes include: The GST registration threshold will be reduced from MYR100,000 to MYR50,000 per annum on the flat rate VAT …


Malaysia imposes GST assessments

October 4th, 2015

The Royal Malaysian Customs Department will start to raise Goods & Services Tax assessments on businesses which have failed to submit GST returns under the new indirect tax regime. Malaysia introduces GST 2015 Malaysia replaced its Goods and Services Taxes from 1 April 2015 with GST. The new regime facilitated much easier recovery of consumption …


Malaysia extends 1st GST return deadline

June 9th, 2015

Following the introduction of GST to Malaysia on 1 April 2015, the customs department has announced that it will extend the deadline for the first monthly filing from 31 May to 14 June 2015. Companies with a turnover of less than MYS5 million per annum can file quarterly returns. The new Malaysian Goods & Services …


Malaysia sales tax credits following GST launch

April 13th, 2015

On 1 April 2015, Malaysia became the latest country to adopt a full OECD-style Goods & Services Tax – similar to VAT. This replaced the existing sales and goods taxes. A key component of the new Malaysian GST regime is the right for Malaysian GST registered businesses to recoup input GST charged by their suppliers. …


Malaysia e-book GST rate debate

February 19th, 2015

As Malaysia prepares for the introduction of a full Goods & Services Tax regime from 1 April 2015, there is still a debate as to whether e-books and printed books should enjoy a nil rate classification. The proposed Malaysian GST rate is 6% for all taxable goods and services. Printed reference books, dictionaries and encyclopedias …