Malaysia GST News
1 min.
31. March 2015
6% Goods and Services Tax (GST) is landing on Malaysia shore and land on 1 April 2015. The threshold for registration is annual taxable turnover exceeding RM 500,000.00.
Duty-free islands of Langkawi, Tioman, and Labuan will be exempted from the GST.
Basically, there are three (3) main types of supplies under Malaysia GST model:
- (1) Standard Rated Supplies – GST at 6%
- (2) Zero Rated Supplies – GST at 0%
- (3) Exempt Supplies – No GST charged
Contact us:
ECOVIS Malaysia
No.9-3, Jalan 109F, Plaza Danau 2, Taman Danau Desa58100 Kuala Lumpur
Phone: +603 - 7981 1799
www.ecovis.com/malaysia