The newly elected government of Malaysia has announced the reduction of the Goods & Services Tax (GST) rate from 6% to 0% effective 1 June 2018. Therefore, all registered business entities have to comply with the GST rate adjustment to 0%. In addition to this, the following GST Orders will be revoked with effect from 1 June 2018: · GST (Zero-Rated Supply) Order 2014 [P.U.(A)272/2014] · GST (Relief) Order 2014 [P.U.(A)273/2014] · GST (Imposition of tax for supplies in respect

1. The Inland Revenue Board of Malaysia (IRBM) has, on 23 June 2017, issued Practice Note No. 1/2017: Amendment of Section 15A of the Income Tax Act 1967 Issues on Effective Date. This Note is issued to provide guidance on the implementation of the amendment to Section 15A of the Income Tax Act 1967 (ITA 1967) in Budget 2017, specifically relating to contracts signed or services performed outside Malaysia prior to the coming into effect of the said amendment. This Note can be