Malaysia Customs Agency Posts Guide on Schedule A Sales Tax Exemption for Specified Companies

The Malaysian Customs Department Feb. 28 posted a guide on sales tax exemption under Schedule A for approved businesses engaged in manufacturing, hauling, hotel operations, and aerospace maintenance, repair, and overhaul. Topics covered include: 1) relevant definitions; 2) conditions for the exemption under items 33A, 33B, 55, 63, 64 and 65 of Schedule A; 3) application procedures for a confirmation letter from the Malaysian Investment Development Authority (MIDA), and for exemption certificates; 4) the recovery of sales tax for lack of compliance with exemption conditions, and penalties for evasion; 5) reporting requirements for losses from fire, natural disaster, theft, and ...