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Malaysia: Exempted service taxes on local digital banking and financial services providers

Description

On 17 April 2020, Malaysia issued the Royal Malaysian Customs Department Service Tax Policy No.10/2020 to exempt service taxes on local digital banking and financial services providers. Accordingly, t...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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