Indirect Taxation
Orders recently gazetted
The following Orders have been recently gazetted and have come into operation as follows:-
P.U. (A) | Title | Date Gazetted | Remarks |
CUSTOMS | |||
404/2017 | Customs (Anti-Dumping Duties) (Administrative Review) (Amendment) Order 2017 | 22 December 2017 | This Order amends the P.U.(A) 239/2016 and deemed to have come into operation on 1 August 2017. |
STAMP DUTY | |||
408/2017 | Stamp Duty (Exemption) (No. 2) Order 2017 | 26 December 2017 | This Order comes into operation on 1 January 2018. |
414/2017 | Stamp Duty (Exemption) (No. 5) 2013 (Amendment) Order 2017 | 27 December 2017 | This Order amends the P.U.(A) 91/2013 and comes into operation on 1 January 2018. |
415/2017 | Stamp Duty (Exemption) (No. 6) 2013 (Amendment) Order 2017 | 27 December 2017 | This Order amends the P.U.(A) 92/2013 and comes into operation on 1 January 2018. |
GOODS AND SERVICES TAX | |||
421/2017 | Goods and Services Tax (Exempt Supply) (Amendment) (No. 2) Order 2017 | 28 December 2017 | This Order amends the P.U.(A) 271/2014 and comes into operation on 1 January 2018.
(Refer to our e-CTIM TECH-IT 32/2017) |
422/2017 | Goods and Services Tax (Zero-Rated Supply) (Amendment) (No. 3) Order 2017 | 28 December 2017 | This Order amends the P.U.(A) 272/2014 and comes into operation on 1 January 2018.
(Refer to our e-CTIM TECH-IT 21/2017) |
To read the Orders in full at the official website of the Attorney-General’s Chambers.
RMCD releases revised guides on commercial banking and fund management, 20 December 2017
The Royal Malaysian Customs Department (RMCD) has revised the following industry guides:
Guide on Commercial Banking (revised as at 19 December 2017)
The abovementioned Guide has been amended as following:
- Paragraph 7(a) and (c) — Updated commentary on the GST treatment on exempt supplies and zero-rated supplies made in the commercial banking industry.
- FAQ 16 — Revised the FAQ on the provision of loan for foreign projects.
- Appendix 1 — Updated the Appendix on the list of supplies in commercial banking industry.
Guide on Fund Management (revised as at 19 December 2017)
The abovementioned Guide has been amended as following:
- FAQ 18 – Addition of FAQ on the GST treatment of gains or proceeds received from redemption of unit trust by an investment holding company.
Kindly visit the RMCD website for further details.
Source: RMCD website, 19 December 2017
RMCD releases revised guide on tourist refund scheme, 27 December 2017
The Royal Malaysian Customs Department (RMCD) has released the revised Guide on Tourist Refund Scheme (as at 21 December 2017).
The revised Guide updates para 9 to include Langkawi International Airport, Kedah in the list of approved Malaysian airports for the purposes of the Tourist Refund Scheme.
The Guide on Tourist Refund Scheme (as at 21 December 2017) replaces the Guide on Tourist Refund Scheme (as at 8 May 2017), which has been withdrawn.
Kindly visit the RMCD website for further details.
Source: RMCD website, 21 December 2017
Updated conditions on recovery of repair cost from overseas manufacturer, 26 December 2017
The conditions for the recovery of repair cost from overseas manufacturer in respect of goods under a warranty, which was first announced in July 2017, has been updated.
Kindly visit the Royal Malaysian Customs Department (RMCD) website for further details.
Source: RMCD website, 22 December 2017
RMCD Announcement – Standard / Varied Taxable Period (VTP) Application must be made via Taxpayer Access Point (TAP)
The Royal Malaysian Customs Department (RMCD) had announced on 17 October 2017 that all applications relating to Standard / Varied Taxable Period must be made via the Taxpayer Access Point (TAP). Applications made via letter to the GST Division, Putrajaya or ADM21 form to the GST Processing Centre, Kelana Jaya will not be processed with immediate effect.
The RMCD has uploaded the guidance for the above-mentioned applications via the TAP as follows:
- Standard / Varied Taxable Period to Varied Taxable Period
- Varied Taxable Period to Standard Taxable Period
To view the announcement at the websites of the RMCD.
For PDF version;
CCT e-Circular_Issue 1 Jan 2018
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