21 May 2018

Malaysia imposes zero-rated GST effective June 1

Malaysia's Ministry of Finance announced that effective June 1, the supply of goods and services made in Malaysia, as well as the import of goods and services subject to the Goods and Services Tax (GST) at the standard rate of 6%, will now be subject to GST at zero rate (0%). This change is applicable until further notice. The zero rating does not apply to the supply of goods and services listed under the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempt from GST.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1063