In August 2022, the Royal Malaysian Customs Department (RMCD) released Service Tax Policy No. 1/2022 (“STP 1/2022”), granting a service tax exemption for digital payment services supplied by certain non-bank service providers, which was followed shortly by an amendment to the policy; the exemption and the amendment both are effective as from 1 August 2022 and the relevant documents are available in the national language (Bahasa Malaysia) only.
Source Deloitte
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