Malaysia release a guide relating to the new low-value import sales tax rules being implemented from 1 January 2024

21 December 2023

During December 2023, the Royal Malaysian Customs Department issued further information relating to the implementation of sales tax on low value goods in the country. This guidance covers accounting and record keeping procedures, refunds processes, penalty regime for late filings and payments as well as importation procedures.

Currently, there is an Import Sales Tax exemption threshold set at MYR 500 (approx. £85), which allows importers to purchase goods free of sales tax from non-resident companies up to this value. However, from 1 January 2024, this threshold will be removed and instead, non-resident providers will have an obligation to charge sales tax to the consumers at the current rate of 10% themselves. 

This will be subject to an annual sales tax registration threshold of MYR 500,000 (approx. £85,000).

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