Malaysia | Tax Matters During the National Recovery Plan Phases (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 at 19 August 2021) is accessible via this link.

Income tax

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

• Taxation of Income Arising from Settlements (Public Ruling No. 4/2021) — issued on 13 August 2021.

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 58A, Jadual A Perintah Cukai Jualan (Orang Yang Dikecualikan Daripada Pembayaran Cukai) 2018 (as at 17 August 2021) — presently available in Malay language only

Service tax

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

• Service Tax Policy No. 10/2020 (Amendment No. 1) issued on 9 August 2021.