Goods & Services Tax (GST)

1.    The persons mentioned under the heading for Taxable Person in Groups A, B1, B2, C, D, E, El, F, and G of this Schedule providing any taxable service under the heading for Taxable Service in each Group shall apply for a license provided that where two or more licenses are required, regulation4(1A) shall apply.

2.    The person mentioned under the heading for Taxable Person in any Group shall charge service taxon any service provided by him under the heading for Taxable Service in such Group.  Read more ›

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Service tax is a consumption tax levied and charged on any taxable service provided by any taxable person. The Service Tax Act 1975 applies throughout Malaysia excluding Langkawi, Labuan, Tioman and the Joint Development Authority (JDA).

For the purposes of the Act, the Free Zones shall be deemed to be outside Malaysia.  Read more ›

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Service tax collector, the Royal Malaysian Customs Department received many complaints on confusion about Service Charges, Service Tax and Government Tax imposed by some of the businesses/companies and wondering if they are actually the same.

Customs Department has given some explanations that might be useful in clarifying the matters.

Read more ›

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The Malaysian government continues its efforts in seeking public feedback and acceptance of the Goods and Services Tax (GST) implementation in Malaysia, as well as continues to create public awareness and educate the people and businesses.

Royal Malaysian Customs has on 7 July 2011, issued draft Goods and Services Tax (GST) General Guide and Industry Guides for public/business feedback and comment. Read more ›

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e-Poll – “Do you agree that Goods and Services Tax (GST) should be implemented in Malaysia?”

The e-poll is put up by Royal Malaysian Customs at its official website www.gst.customs.gov.my to gather and understand public feedback on the implementation of GST in Malaysia.  Read more ›

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The Finance Ministry announced today that the implementation of Goods and Services Tax (GST) will be postponed. This is to enable the government to engage the public for more feedback and ensure the enforcement of the GST is well-received.

Not withstanding the postponement, it said the government recognised the important of the GST in ensuring a strong and sustainable fiscal position to support the long-term economic growth.

However, no timeframe is given in the statement by the Ministry as to when the GST will be introduced.

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Dow Jones news reported that the Malaysian government will announce its position on the proposed Goods and Services Tax (GST) late today, two days ahead of the Malaysia Budget 2011 announcement on this Friday.

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Proposed GST in Malaysia

Despite receiving heavy oppositions from the public against the proposed Goods and Services Tax (GST), the Government is still decided to table the GST Bill 2009 to seek second hearing in the parliament meeting on 11 Oct 2010.

The second hearing was postponed from its original schedule in March 2010.  Read more ›

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Many have concerned whether the Malaysia Government will announce the implementation of the Goods and Services Tax (GST) in Budget 2011, which has drawn mixed views.

KPMG tax partner Tan Eng Yew said the platform for GST implementation had been set; people are just waiting for the implementation date, which could be announced any time, not necessarily in the budget.  Read more ›

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The Government of Malaysia proposed the Goods and Services Tax (GST) in November 2009 and tabled the Goods and Services Tax Bill 2009 for first reading in Parliament in December 2009. Second reading was scheduled in March 2010 but it was postponed as the Government needed more time to gather feedback from the Rakyat and enable the Government to educate the public on the proposed GST as well as to allow businesses more time to prepare themselves for GST implementation.

The impact of GST implementation can be extensive to a business. Additional book-keeping requirements and changes to the treatment of business’s products and services.

To better understand the proposed GST, visit FAQ – Goods and Services Tax in Malaysia.

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