Malaysian goods and services tax rate reduced to 0% with effect from 1 June 2018
30 May 2018
The Malaysian Goods and Services Tax (Rate of Tax) (Amendment) Order 2018 ("Amended GST Order") has been gazetted on 16 May 2018. The effect of the Amended GST Order is to zero-rate the goods and services tax rate with effect from 1 June 2018. The goods and services tax rate currently stands at 6%.
The following related Orders were also gazetted on 16 May 2018 and will come into operation on 1 June 2018:
- Goods and Services Tax (Imposition of Tax for Supplies in respect of Designated Areas) (Revocation) Order 2018
- Goods and Services Tax (Application to Government) (Revocation) Order 2018
- Goods and Services Tax (Imposition of Tax for Supplies in respect of Free Zones) (Revocation) Order 2018
- Goods and Services Tax (Relief) (Revocation) Order 2018
- Goods and Services Tax (Zero-Rated Supply) (Revocation) Order 2018
The Orders mentioned above are available on the Federal Gazette website www.federalgazette.agc.gov.my.