Malaysia Reduces GST to 0% and Revokes Zero-Rating

Just days after the Malaysian Ministry of Finance issued a statement regarding a fake statement being circulated that GST was abolished from 1 June 2018, six orders have been published in the Official Gazette that come into operation on 1 June and effectively exempt all supplies from the tax, including imports. These include the following:

• Goods and Services Tax (Imposition of Tax for Supplies in Respect of Designated Areas) (Revocation) Order 2018
• Goods and Services Tax (Application to Go…