Malaysia | Income Tax and Service Tax (1) (1)

Income tax

A practice note on Explanation in relation to the Definition of Factory for the Purpose of Reinvestment Allowance Claim under Schedule 7A, Income Tax Act 1967 (Practice Note No. 1/2022) was published on 17 January 2022 on the Inland Revenue Board of Malaysia’s official website. 

Service tax

The revised versions of the following industry guides have been published on the Royal Malaysian Customs Department’s MySST website: 

• Guide on Parking Services (as at 10 January 2022) — to replace the earlier version dated 28 December 2021; and
• Guide on Advertising Services (as at 19 January 2022) — to replace the earlier version dated 26 March 2019.