Malaysia Tax Agency Issues Updated Guide on Sales Tax Exemption for Registered Manufacturers

The Malaysian Inland Revenue Board Dec. 30, 2023, issued an updated guide on sales tax exemption for registered manufacturers. Topics covered include: 1) relevant definitions; 2) application and conditions for exemption; 3) the process of obtaining an certificate and export, transport, or return of goods exempted; 4) the responsibilities of exempted registered manufacturers and application of sales tax in case of non-compliance; 5) reporting losses from fire, natural disaster, and theft of exempted goods; and 6) procedure related to the termination of business. The guide also includes various forms and FAQs. [Malaysia, Inland Revenue Board, 12/30/23]

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