Malaysia: Amendments to indirect tax laws relating to Pulau 1
Pulau 1, part of Forest City, excluded from definition of “principal customs area” and reclassified as “designated area” for sales and services tax purposes
Amendments to various indirect tax laws became effective on December 1, 2024, to exclude Pulau 1, part of Forest City, from the definition of a “principal customs area” and reclassify it as a “designated area” for sales and services tax purposes.
Read a November 2024 report prepared by the KPMG member firm in Malaysia