VAT News

Malaysia-GST 'scrapped' from 1 June 2018

Following on from his pledge to voters in the recent Malaysian elections, Prime Minister Mahathir Mohamad has announced that GST will be reduced to 0% from the current 6% rate in force, effectively removing the tax. Supplies currently exempt from GST will retain this treatment.

Businesses undertaking activities in the country should be aware that the reduction comes into force on 1 June 2018, and no Malaysian GST should be charged or incurred from this time.

Related articles

UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

Read more