Malaysia: Summary of income and indirect tax developments (November 2023)
Updates on sales tax on low-value goods
Updates on sales tax on low-value goods
The KPMG member firm in Malaysia prepared a monthly summary of tax developments [PDF 3 MB] that includes discussions of:
- Income tax for Iskandar Development Region-status companies
- Incentives for the East Coast Economic Region
- Updates on sales tax on low-value goods
- Royal Malaysian Customs Department guideline on the application for extension of export period
- Finance (No.2) Bill 2023
- Indirect tax legislation updates
- Updated guidelines on electronic invoicing (e-invoicing)
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