Malaysia | Tax Matters During the National Recovery Plan & Movement Control Order 3.0 Period (1)

In view of the implementation of the National Recovery Plan in Malaysia, the Inland Revenue Board (“IRB”) has issued a list of Frequently Asked Questions on tax matters arising during this period. The FAQ (updated as of 21 July 2021) is accessible via this link.

Income tax

The following public ruling has recently been published on the IRB’s official website:

• Special Allowances for Small Value Assets (Public Ruling No. 3/2021) issued on 21 July 2021 to replace Public Ruling No. 10/2014 dated 31 December 2014.

Sales tax

The following specific guide has recently been published on the Royal Malaysian Customs Department’s MySST website:

• Panduan Pengecualian Cukai Jualan di bawah Butiran 5A, Jadual A Perintah Cukai Jualan (Orang Yang Dikecualikan Daripada Pembayaran Cukai) 2018 (as of 13 July 2021) — presently available in Malay language only.