globaltaxnews.ey.comSign up for tax alert emailsForwardPrintDownload |
21 May 2018 Malaysia imposes zero-rated GST effective 1 June 2018 Malaysia's Ministry of Finance announced that effective 1 June 2018, the supply of goods and services made in Malaysia, as well as the import of goods and services subject to the Goods and Services Tax (GST) at the standard rate of 6%, will now be subject to GST at zero rate (0%). This change is applicable until further notice. The zero rating does not apply to the supply of goods and services listed under the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempt from GST. All GST-registered persons must adhere to the imposition of the zero rating and will remain subject to the current legislation and regulations which include the issuance of tax invoices, submission of GST returns for the respective taxable periods and claiming of input tax credit. GST-registered persons should also ensure that the pricing of goods and services is, at all times, in accordance with the Price Control and Anti-Profiteering Act 2011. The Goods and Service Tax (Rate of Tax) (Amendment) Order 2018 has been issued to amend the rate of tax on the supply of goods or services or on the importation of goods from 6% to 0%.
Document ID: 2018-5673 |
