Problems surrounding change in service tax rate

Problems surrounding change in service tax rate

THE Royal Malaysian Customs Department (RMCD) issued a draft guideline on the transition of service tax rate on Feb 7. The general assumption is that the change in service tax rate from 6% to 8% from March 1, 2024 is a straightforward affair, and many may think that...
Do not delay the implementation of e-invoicing

Do not delay the implementation of e-invoicing

E-INVOICING is currently the key priority of the Inland Revenue Board (IRB). The principal benefit of e-invoicing is the potential increase in tax revenues through increased compliance because all businesses must mandatorily participate in this exercise. The secondary...