21 December 2017
The Malaysian tax authorities have announced that they propose to amend their current GST legislation in order to apply GST to online services supplied by non-resident (foreign) companies.
At present, foreign businesses providing digital services in Malaysia do not have to charge VAT on their sales. However, in an effort to remove the unfair advantage this gives to non-resident companies over Malaysian resident providers, the Malaysian government are proposing that GST at 6% will be applied on these types of transactions.
If implemented this new tax will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
Cameroon VAT on foreign e-commerce
Cameroon has extended its Value-Added Tax (VAT) system to cover supplies of online goods and services supplied by non-resident (foreign) companies in the...
SEE MORE
LATEST NEWS
Fiji VAT on e-services provided by remote sellers
Fiji is proposing to extend its Value-Added Tax (VAT) regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to...
SEE MORE