The Royal Malaysian Customs Department (RMCD) released an updated service tax guide on professional services (“professional services guide”) dated 21 September 2021, which includes a significant update to the RMCD’s views on the service tax treatment of payments received by a company’s non-executive directors (NEDs) appointed under a contract for service.
Source: Deloitte
Latest Posts in "Malaysia"
- Malaysia Extends E-Invoicing Interim Relaxation Period for Taxpayers with MYR 1–5 Million Turnover
- Finance Ministry: SST to Remain, No Plans for GST Reintroduction Yet
- Malaysia Reduces Service Tax on Industrial Rentals, Expands MSME Exemptions, and Zero-Rates Key Inputs
- Malaysia Delays E-Invoicing for RM1m–RM5m Businesses to 2027, Expands Sector Coverage
- Malaysia Delays Mandatory E-Invoicing for RM1m–RM5m Businesses to 2027, Expands Sector Coverage
