Online services tax

Will Malaysians stick to Netflix and Spotify?

When the Coalition of Hope (Pakatan Harapan) unveiled its first ever budget as Malaysia’s new ruling coalition, one of the key points that caught the attention of Malaysians was the taxing of imported services, including online services.In November 2018 – when Malaysia’s 2019 budget was tabled – the country’s Finance Minister Lim Guan Eng revealed that the government would impose and remit a tax on online services such as software, music, video and digital advertising beginning January 2020.

6 January 2020
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Malaysia to tax imported services

Last week, Malaysia’s Finance Minister Lim Guan Eng tabled the country’s 2019 Budget. Being the first budget under a new government led by the Alliance of Hope (Pakatan Harapan), there were obviously numerous key points to look out for. One of those key points is the taxing of services imported into the country, which includes online services. The service tax, according to Lim, will be imposed in phases beginning with services imported by businesses in January, next year.

9 November 2018
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