Malaysia's Finance Ministry broadened Service Tax exemptions for logistics and maintenance sectors.
Malaysia's Finance Ministry refined the scope of Service Tax to benefit the logistics sector and maintenance services, offering exemptions for both. The amendments to Service Tax Regulations 2018 will ease the tax impact on daily logistics activities and ultimately consumers. The merging of two items into one broadened the exemption scope for business-to-business activities, while the government also decided not to impose Service Tax in free trade zones.
March 31, 2024
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