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Malaysia to Tax Digital Businesses

19 August 2016

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Proposed Changes

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Malaysia

Malaysia's Finance Minister Johari Abdul Ghani announced during a conference held 9-10 August 2016 that the government is currently planning for the taxation of digital businesses conducted through online platforms such as Airbnb, Alibaba, Netflix, and Uber, which may include requiring such businesses to register in Malaysia. Currently there are no tax laws in place in Malaysia for the taxation of online businesses. While the government intends to bring such multinational businesses under tax in Malaysia, consideration will also be given to reduce the impact on smaller Malaysian online businesses that would be adversely affected. Additional details of Malaysia plans...