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MALAYSIA: Overseas Online Service Providers to be Taxed as of January 2019

Overseas companies providing online services to Malaysia-based users are to be obliged to register with the country’s customs authorities for the payment of a service tax. Although details of the proposed tax liability are yet to be announced, the move is in line with a 2019 Budget proposal to impose a digital levy on all such services.

It is believed that the wide-ranging tax will apply to a fairly broad array of online services, including downloadable software, music, video, design, and digital advertising. The first tranche of the tax will come into effect in January 2019 and will cover only business-to-business (B2B) activity, with business-to-customer (B2C) activity not expected to be brought within the levy’s remit until January 2020.

Content provided by Picture: HKTDC Research
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