Taxation in Malaysia

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Malaysia will impose a tax of between 5 per cent and 10 per cent on the sale of goods, while services will attract a 6 per cent levy when a new tax regime comes into effect on Sept 1, the country’s customs chief Subromaniam Tholasy said on Thursday (Aug 30).

The Malaysian government is considering introducing a tax on sugary soft drinks as a means of improving health in the country.

Sales tax on smartphones has been proposed at 5%, while the tax for most motor vehicles has been suggested at the full 10%.

The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng.

Southeast Asian governments are poised to introduce taxes on ecommerce sales as they look to claim their fiscal take from one of their most vibrant engines of growth.

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