Malaysia Gazettes Order, Regulation Amending Sales Tax Law for Low-Value Goods

The Malaysian Official Gazette Dec. 29, 2023, published Order No. P.U. (A) 404 and Regulation No. P.U. (A) 405, introducing changes to the sales tax rate for low-value goods and amending provisions of the Sales Tax Act 2018. The order and regulation include measures: 1) setting a 10 percent sales tax rate on low-value goods; 2) introducing a new regulation, Rule 6A, outlining the details and procedures for issuing credit notes and debit notes; and 3) addressing the manner of furnishing returns, including by specifying the required information, and the form and manner of filing; and 4) establishing that non-compliance ...