On May 17, 2018, the Malaysia Ministry of Finance (MOF) announced a reduction of the Goods and Services Tax (GST) rate from 6% to 0% on all goods and services supplied on or after June 1, 2018.
Although zero-rated, Businesses must continue to comply with the requirements of the Goods and Services Tax Regulations 2014 (GST Act 2014).
The Ministry of Finance also announced, “the Sales and Services Tax (SST) will be re-introduced” as an upcoming element of the Fiscal Reform Initiative.
In support of the recent announcement, MOF has published a Frequently Asked Questions (FAQ) document on the reduction of GST.
The media release and FAQ document published by Malaysia Ministry of Finance is available at:
http://www.treasury.gov.my/index.php/en/gallery-activities/press-release/item/3805-media
http://gst.customs.gov.my/en/hl/SiteAssets/pdf/FAQ28BI25.5.18%20-%2010.30AM.pdf
Additionally, the Royal Malaysian Customs Department Goods and Services Tax Regulation of 2014 can be viewed here:
