The Malaysian lower house of parliament (Dewan Rakyat) July 17 approved Bill No. DR 36/2024, on the Sales Tax (Amendment) Bill 2024, to amend the Sales Tax Act 2018. The bill includes measures to: 1) apply sales tax to taxable goods manufactured in Island 1, except for certain goods specified by the Minister; 2) clarify that no person may retail any item on the Island without approval from the Minister; 3) clarify that applications for approval must be made in the manner specified by the Minister; 4) establish that the sales value of certain taxable goods will be determined in ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.