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Malaysia Publishes Guidance on Income Tax Treatment of Goods and Services Tax

27 June 2017

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Approved Changes

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Malaysia

On 8 June 2017, the Inland Revenue Board of Malaysia published two public rulings on the country's Goods and Services Tax regime, which has been effective since 1 April 2015. PR No.1/2017 Income Tax Treatment Of Goods And Services Tax Part I – Expenses The objective of this Public Ruling is to explain the tax treatment accorded to a person in respect of goods and services tax (GST) paid or to be paid as: Input tax on the purchase or acquisition of goods and services other than capital assets by a person if he is registered or liable to be...