Malaysia: Summary of income and indirect tax developments (January 2023)

Discussion of income tax and indirect tax developments

Discussion of income tax and indirect tax developments

The KPMG member firm in Malaysia prepared a monthly summary of tax developments [PDF 3.06 MB] that includes a discussion of income tax and indirect tax developments.

Income tax developments concern:

  • Tax treatment of income received from abroad
  • Updated “tax investigation framework”
  • Concessionary income tax rates for a qualifying company on the chargeable income derived from qualifying activities
  • Deferment of repayment of loan / financing facility including interest
  • New and revised public rulings
  • Bill number to be used as mandatory reference for payment of direct taxes
  • Return form filing programme for the year 2023

Indirect tax developments cover:

  • Amendments to the Sales Tax (Persons Exempted from Payment of Tax) Order 2018
  • Updates on the sales tax on low value goods—read TaxNewsFlash
  • Application for sales tax exemption certificate under item 65, schedule A of the Sales Tax (Persons Exempted from Payment of Tax) Order 2018
  • Postponement of implementation of excise tax on premixed beverages
  • Service tax on goods delivery services—read TaxNewsFlash
  • Public ruling on prescribed forms under the Customs Act 1967, Excise Act 1976, and Windfall Profit Levy Act 1997
  • Indirect tax amendment acts’ appointment of date of coming into operation
  • Customs Duties (Goods Under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Order 2022



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