Malaysia: Indirect tax bills presented to Parliament

Indirect tax bills tabled for first reading

Indirect tax bills tabled for first reading

Indirect tax bills were tabled for first reading in the Malaysian Parliament on 20 July 2022.

The bills include:

  • Customs (Amendment) Bill 2022
  • Excise (Amendment) Bill 2022
  • Free Zones (Amendment) Bill 2022
  • Tourism Tax (Amendment) Bill 2022
  • Windfall Profit Levy (Amendment) Bill 2022
  • Departure Levy (Amendment) Bill 2022

The amendments in the abovementioned bills would:

  • Authorize the Minister of Finance
    • To extend the period stipulated in the relevant legislations due to the occurrence of any public emergency or public health crisis
    • To vary the terms and conditions as determined in the relevant legislations, provided that reasonable notice is given to the person bound by the terms and conditions
    • To prescribe particulars in an invoice or receipt for the purposes of the Tourism Tax Act 2017
  • Authorize the Director General of Customs to determine the form and manner for specified matters in the relevant legislations (e.g., a claim for refund, a claim for drawback, an application for a customs ruling), instead of using the prescribed form
  • Amend the deadline to pay customs duties and other charges leviable on dutiable goods to within 14 days from the date of arrival of such goods (instead of from the date of the declaration being approved by customs), under the Customs Act 1967

Read a July 2022 report prepared by the KPMG member firm in Malaysia


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