Sales Tax in Malaysia is a single stage tax imposed in proportion to the value of certain imported and locally manufactured goods.
Under the Sales Tax Act 1972, Sales Tax is administered by the Royal Customs and Excise Department of Malaysia. The Financial Year is 1st January to 31st December.
Manufacturers need to be licensed under the Sales Tax Act 1972, a Federal Act, and are obligated to levy charge and collect the tax from their customers. Sales tax, for imported goods, is collected from the importer, at the time of release of goods from customs.
The Sales Tax levy is applicable to the entire Federation of Malaysia, except Labuan, Langkawi, Tioman, Free Zones and Licensed Manufacturing Warehouses.
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