
Malaysia Implements 10% Sales Tax on
Low-Value Goods Starting
Effective January 1, 2024, the Royal Malaysian Customs Department will enforce a 10% sales tax on cross-border purchases of goods valued at MYR500 or less. This new tax policy applies to all sales to both businesses and consumers in Malaysia.
Malaysia Clarifies Foreign Currency Exchange Rate Rules for Tax Invoices
Malaysia Clarifies Foreign Currency ExchangeRate Rules for Tax Invoices The Royal Malaysian Customs Department (JKDM)…
Malaysia Formally Reduces Service Tax on Rental and Leasing Services
Malaysia Formally Reduces Service Tax onRental and Leasing Services The Malaysian government has officially gazetted…
Malaysia Announces Updated E-Invoicing Interim Relaxation Schedule
Malaysia Announces Updated E-InvoicingInterim Relaxation Schedule The Inland Revenue Board of Malaysia (LHDN) has released…
Malaysia Enters New Phase of Tax Reformation
Malaysia Enters New Phase of Tax Reformation The Inland Revenue Board of Malaysia (HASIL) has…
Malaysia: Public Ruling on Change of Accounting Period Updated
Malaysia: Public Ruling on Change ofAccounting Period Updated The Inland Revenue Board of Malaysia published…
Malaysia Extends E-Invoice Consolidation Restrictions to Electricity and Telecom Sectors
Malaysia Extends E-Invoice Consolidation Restrictions to Electricity and Telecom Sectors Malaysia’s Inland Revenue Board (IRBM)…
