Recent Amendments on Indirect Tax
23 January 2020
In December 2019, the Federal Government had amended the Sales Tax and Service Tax legislation by gazetting several Statutory Orders which take effect from 1 January 2020.
However, due to the expansion of scope of service tax and to address the issue of prices increases and double taxation (cascading effect) on consumers, the MOF has proposed to extend the provisions for service tax exemption.
This bulletin also highlights the key changes in the amended legislation as follows:
- Expansion of scope for service tax
- Amendments based on Budget 2020; and
- Extension of business to business (B2B) exemptions for service tax.
Click below to download the full bulletin.