Malaysia | Income Tax (2) (2)

Tax & Revenue

Income tax
The following Rules have recently been gazetted:

1) Income Tax (Global Trading Centre Incentive Scheme) Rules 2022 — gazetted on 4 March 2022 and have effect from year of assessment 2021; and

2) Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor’s Degree, Master’s Degree or Doctor of Philosophy Levels) Rules 2022 — gazetted on 7 March 2022 and have effect from year of assessment 2022.

Service tax

An amendment to the following policy has recently been published on the Royal Malaysian Customs Department’s MySST website:

• Dasar Cukai Perkhidmatan Bil. 3/2021 (Pindaan No.1) — Pengecualian Cukai Perkhidmatan ke atas Perkhidmatan Pembrokeran berkaitan Dagangan Saham (available in Malay language only) — amendment issued on 1 March 2022.