30 March 2023
The Malaysian government recently announced that reforms to remove the Import Sales Tax exemption on goods bought from outside the country have been suspended.
In Malaysia, there is currently an Import Sales Tax exemption threshold set at RM500 (approx.. £100), which allows importers to purchase goods free of sales tax from non-resident companies up to this value.
This exemption was due to be removed from 31 March 2023.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.