Digital Tax Malaysia 2020

Digital services as issued by the royal malaysian customs department. Kuala lumpur dec 30. This implementation comes into effect for digital advertising services such as facebook ads google ads linked ads in malaysia.

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Here S What You Need To Know About The Digital Tax In Malaysia

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Effective 1st january 2020 service tax shall be charged and levied on any digital service provided by a foreign registered person frp to any consumer in malaysia.

Digital tax malaysia 2020. Effective 1 january 2020 digital services provided by foreign service providers registered are also subject to the 6 service tax. The service tax amendment 2019 bill was approved by dewan rakyat on april 8 this year to introduce tax on foreign registered persons providing digital services to consumers in the country. In case you still don t know all digital services has been taxed since january 1 2020. This move was in line with the government s plan to level the playing field in malaysia between local and foreign suppliers.

Now what this means foreign tech companies which provide imported online services to the rakyat inclusive of software music video or any other digital advertising are required to register with the royal malaysian customs department. Businesses showing a yearly turnover of more than 500 000 ringgit us 120 000 are obligated to pay the dst. The malaysian government first announced that a 6 digital tax will be imposed on foreign service providers effective jan 1 2020 at last year s budget tabling. Written by michelle brohier.

With effect from 1 january 2020 registered foreign service providers fsps who provide any digital services to a consumer in malaysia would be required to charge 6 service tax on the digital services. Investors should track malaysia s regulatory policies on digital services to stay compliant. Beginning 1 january 2020 the malaysian government will be imposing the digital service tax dst in malaysia applicable on all digital services imported by consumers in malaysia under the business to consumer b2c regime. Malaysia digital service tax set for january 2020 introduction.

As stated at the guide on. Malaysia digital service tax extended to supplies from foreign digital service providers on january 1 2020. Starting january 1 2020 foreign digital service providers must pay digital service tax dst of six percent in malaysia. Based on a budget 2019 announcement a 6 service tax would be imposed on foreign digital services effective jan 1 2020.

Malaysia is the second country in south east asia to introduce such a tax along with singapore. Malaysia digital service tax rules at a rate of 6 brought foreign suppliers of digital services into scope from the start of 2020. In general businesses have been required to self account for service tax imposed on imported taxable services at a rate of 6. Starting 1 january 2020 a 6 service tax will be implemented for digital service providers in the country.

According to a report by the star today a customs department spokesman revealed that at least 126 foreign digital service providers had registered for the tax in malaysia as of dec 20. Digital service tax 2020 and withholding tax in malaysia.