Global Trade Alert
Global Trade Alert

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

Announcement

17 Apr 2020

In April 2020, Malaysia announced a regulation to exempt service taxes on local digital banking and financial services providers.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2020

Revocation date:

No revocation date

Updated: 17 Apr 2020
Tax or social insurance relief In force

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...

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