Malaysia: MoF to scrap high-value goods tax scheme

Malaysia’s Ministry of Finance released updated policy notices on sales and services tax (SST) on 5 January 2026. The key updates are as follows: Effective 1 January 2026, the service tax on rental and leasing services will be revised to

Malaysia gazetted the Finance Act 2025 and the Measures for the Collection, Administration and Enforcement of Tax Act 2025 on 31 December 2025. These laws give effect to selected measures announced in the 2026 Budget and additional tax

The Inland Revenue Board of Malaysia (IRBM) has released an updated guidance on 7 December 2025, where it revised the annual turnover threshold for e-invoicing. In a previous report, taxpayers with annual turnover or revenue below MYR 500,000

The Inland Revenue Board of Malaysia (IRBM) released Public Ruling No. 8/2025 on 22 December 2025, providing guidance on the classification and tax treatment of micro, small, and medium-sized companies or enterprises (MSMEs), including limited

The Inland Revenue Board of Malaysia published Public Ruling No. 4/2025 on 28 November 2025, which explains the requirements to notify the Director General of Inland Revenue (DGIR) on any change of accounting period by a company, limited liability

The new income tax treaty between Malaysia and Russia entered into force on 3 September 2025. The agreement covers Malaysian income tax and petroleum income tax, as well as Russian corporate profit and individual income taxes. Withholding tax