- Indirect tax legislative amendments related to Pulau 1 are now effective
- The amendments were gazetted on 25 September 2024 and came into operation on 1 December 2024
- The changes are aimed at encouraging investment in the Pulau 1 area of Forest City, Johor
- Pulau 1 is now designated as a free trade zone and classified as a designated area separate from Malaysia’s principal customs area
- The amendments introduce new compliance requirements
- They clarify the tax treatment of certain transactions
- The changes may increase opportunities for businesses in free zones or involved in cross-border trade
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
