The Service Tax (Amendment) Regulations 2024, gazetted on 23 February 2024, introduce amendments to the existing Service Tax Regulations 2018.
Effective Date: The amendments came into operation on 26 February 2024.
Some of the key amendments include:
- Expansion of scope for certain existing taxable services
- Introduction of new taxable services such as karaoke centre services, maintenance and repair services, brokering and underwriting services, and logistic services
- Changes in terminology used in describing the scope of certain services
- Deletion of certain services from the list of taxable services
- Introduction of value threshold for logistic services
This gazette contains important changes to Malaysia’s service tax framework that those in relevant industries should know.
For those interested in the detailed provisions and their potential impact on specific sectors, downloading the full text of the Service Tax (Amendment) Regulations 2024 is highly recommended.
This will provide a comprehensive view of the changes and help understand the broader implications for businesses and service providers within the affected categories.
