Reintroduction of Sales and Services Tax in Malaysia

Reintroduction of Sales and Services Tax in Malaysia

Following the zero-rating of Goods and Services Tax (“GST”) beginning 1 June 2018, our Finance Minister has announced that the government will reintroduce the Sales and Services Tax (“SST”) with a rate of 10% for sales and 6% for services, with the bill expected to be...
Guide to Malaysian Tax Appeal Procedure

Guide to Malaysian Tax Appeal Procedure

This FAQ sets out basic information for taxpayers about the tax appeal process in Malaysia. When should I appeal? You may submit a tax appeal if: You are not satisfied with the manner in which your income has been assessed. Personal reliefs have not been appropriately...
Tourism Tax: Hotels, Airbnb and Me?

Tourism Tax: Hotels, Airbnb and Me?

Effective 1 September 2017, foreign nationals who stay at an accommodation premise in Malaysia are subject to a tourism tax of RM10 per room per night. Malaysians and permanent residents of Malaysia are exempted from paying the tourism tax. While it seems like the...
Increased Tax Retention for Foreign Sellers

Increased Tax Retention for Foreign Sellers

With effect from 1 January 2018, section 21B of the Real Property Gains Tax Act 1976 has been amended in respect of ‘foreign sellers’. A ‘foreign seller’ is an individual who neither (i) a Malaysian citizen nor (ii) a permanent resident of Malaysia. When purchasing...
Budget 2018: Tax Exemption for Rental Income

Budget 2018: Tax Exemption for Rental Income

As an initiative to increase home-ownership for the nation, the Prime Minister, in the Budget 2018, has allocated RM2.2 billion to the housing development in Malaysia. What comes as a surprise to many is the 50% tax exemption on rental income received by Malaysian...