Malaysia: Summary of income and indirect tax developments (May 2024)

A monthly summary of tax developments that covers income tax, indirect tax, transfer pricing, and electronic invoicing.

Summary of income and indirect tax developments

The KPMG member firm in Malaysia prepared a monthly summary of tax developments that covers income tax, indirect tax, transfer pricing, and electronic invoicing (e-invoicing).

Income tax

  • Ministry of Finance’s guideline on application for tax deduction for cash contribution or financing for environmental preservation and conservation projects

Indirect tax

  • Service Tax Policy 6/2024 – Exemption from payment and the imposition of service tax on maintenance or repair services for maintenance, repair and overhaul (MRO) activities
  • Public Ruling 2/2024 Amendment 2024
  • Sales tax and service tax guides

Transfer Pricing

  • Advance pricing arrangement guidelines


  • Software development kit (SDK) updates


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