Updates on the Increase in Malaysia Service Tax Rate
Effective from 1st March 2024, service tax to be increased from 6% to 8% on all taxable services excluding the below:
Food & beverage servicesTelecommunication servicesParking servicesLogistics services
To download, click the below link,
Perintah Cukai Perkhidmatan 2024, LHDN
Transitional rules for the proposed increase in Service Tax rate
- Service Tax at 6% is applicable on taxable services provided before 1 March 2024; Service Tax at 8% is applicable on taxable services provided post 1 March 2024
- Taxable services spanning 1 March 2024:
- Service Tax at 6% for the portion of taxable services provided before 1 March 2024
- Service Tax at 8% for the portion of taxable services provided post 1 March 2024
- Payment received/ invoice issued before 1 March 2024 for taxable services to be provided post 1 March 2024:
- Service Tax remains at 6% for the taxable services provided within 6 months from 1 March 2024 i.e. taxable services provided up to 31 August 2024 will be at 6%
- Service Tax at 8% for the taxable services provided after 6 months from 1 March 2024 i.e. taxable services provided on or after 1 September 2024 will be at 8%
Expansion of taxable service scope
Group C – Karaoke Centre Services
Group I – Brokerage & Underwriting for Non-financial Services
Group J – Logistic Services including delivery services
- Threshold value RM500,000
To download, click the below link,
PERATURAN–PERATURAN CUKAI PERKHIDMATAN (PINDAAN) 2024
Jamal, Amin Tax Services (Feb 2024)