The new government has committed to repealing Malaysia’s GST system in favor of a Sales and Service Tax (SST). Prime Minister Tun Dr. Mahathir Mohamad issued an order to zero – rate GST from 1st June 2018 onward. This is in preparation for a formal repeal through the parliamentary process. As a GST registered company, MDBC has complied with the statutory requirements as stated by the Ministry of Finance to reduce the current GST rate of our services from 6% to 0% effective 1st June, 2018.
Please click on the icon to view the Royal Malaysian Customs (RMC) Department FAQ Transitional 6% – 0%. To download a copy of the FAQ, please click here. This 16 page document (updated 30 May, 2018) should answer most, if not all of your questions.
If however, you have questions that were not addressed in the FAQ, please submit your concerns to Marco Winter (Executive Director, MDBC) at firstname.lastname@example.org. We are giving our members this opportunity to provide input, clarify ambiguities, and voice any concerns they may have as the government deliberates on the details of the tax reform. You may also send us questions about the administrative practices that companies should be adhering to during this transition period.
Things are moving quickly and we will have an InterChamber management coordination meeting to go over any GST / SST issues by early next week. We would appreciate it if you could please submit your feedback as quickly as possible (no later than Friday, 8 June). Don’t forget to first visit the RMC’s website for the updated FAQs.
MDBC does not have the technical expertise to answer any questions you may have on this matter, but we do commit to compiling your issues and bringing these to the attention of the appropriate authorities.