The Malaysian GST law currently does not tax foreign service providers in the digital services economy, unless they have a branch or establishment in Malaysia through which they provide the services, says Raja Kumaran, Executive Director and Head of Indirect Tax, PwC Malaysia.
some tax experts do not foresee merchants raising prices substantially across the board with the expiry of the regulations that were introduced in tandem with the goods and services tax (GST). However, views are split as to whether the enforcement period for the regulations will be extended beyond the deadline next...
The GST implementation first anniversary represents a milestone of sorts, but not everyone will be in a celebratory mood as many express their disapproval of the consumption tax.
Government should look at incentives aimed at businesses and individuals.
Being GST-ready was a challenge for many companies, but the real complexity of the new tax regime has yet to be seen.
Financial institutions are mostly ready for the new tax regime. Now, it is time for their customers to get on board.
No grace period for GST compliance, so businesses that aren't ready need to act fast.
Protecting consumers from traders who seek to profit excessively from GST
