The screenshot of the statement issued by the Ministry of Finance.
KUCHING: The Finance Ministry has determined that goods and services that are made in Malaysia, as well as imported goods and services that are imposed with Goods and Services Tax (GST) at a standard rate of six per cent, to be imposed with GST at zero rate.
In press release by the Finance Ministry today, the ministry said the measure to impose GST at zero rate will take effect starting June 1, 2018 and applies to the while country until further notice.
“Such determination does not include goods and services that are listed in the Goods and Services (Exempt Supplies) Order 2014 which will remain excluded from GST,” the ministry said.
Therefore, the ministry said all registered traders must comply with this imposition of zero rate.
“At the same time, all the registered traders are still subjected to all current regulations set. Among them are the issuance of tax invoices, the delivery of tax returns within the stipulated taxable period and input tax credit claims.”
The Ministry said the traders must also ensure that the prices of goods and services comply with the Price Control Act and Anti-Profiteering Act 2011 at all times.
For further inquiries, contact the Royal Customs Department at 1 300 88 8500 or 03-7806 7200 (Customs call centre)