ASIA REGULATORY ROUND UP – MALAYSIA ZERO RATES GST AFTER OPPOSITION WINS ELECTION
May 1st, 2018
THE MALAYSIAN government has effectively scrapped the country’s Goods & Services Tax (GST) reducing its rate from 6% to 0%, effective June 1. The move follows the election of a new administration under former opposition alliance Pakatan Harapan, defeating the incumbent Barisan Nasional. The victor had promised to replace the tax with a smaller sales and services levy. The Royal Malaysian Customs Department has advised that, for the time being, traders are still subject to current GST legislation, and their GST registration will continue. Imports will be ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.