Tax developments (May 2026)

KPMG's monthly tax developments alert aims to provide tax updates for your organization in a timely manner.

In this edition, we are pleased to highlight some of the notable tax updates and developments since the last update:

•   Updated Frequently Asked Questions on the implementation of Global Minimum Tax in Malaysia

•   Stamp Duty Audit Framework

•   Sales Tax Policy No. 2/2026

•   Service Tax Policy

•   Service Tax guides

•   Customs Duties (Goods under the Framework Agreement on Comprehensive Economic Co-operation among the Government of the Member States of the ASEAN and the Republic of Korea) (Amendment) Order 2026

•   e-Invoice interim relaxation period timeline for targeted taxpayers

•   Determination of related companies for e-Invoice purposes

The relevant tax changes can be accessed via the above link.