Malaysia


Tax Matters: Digital service tax updates create even more uncertainties

The Royal Malaysian Customs Department (RMCD) recently released a series of updates on the digital service tax framework, which officially went into force on Jan 1. Released in April, the rules — which apply retroactively now — exempt local banks and financial institutions (FIs) from having to levy the 6% tax when charging fees on transactions that pass through their networks.  Deloitte Malaysia partner for indirect tax Senthuran Elalingam...

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Iranian Oil Shipments To China Rebranded In Malaysia To Circumvent Sanctions

Like its Latin American ally, Venezuela, Iran appears to be rebranding its crude oil destined for China in Malaysia to circumvent U.S. sanctions. Data provided to Radio Farda by data intelligence firm Kpler indicates that Iran has suddenly increased oil exports to Malaysia since January. At the same time, official figures show a huge drop in Iranian oil exports to China in the first four months of 2020. This...

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Abdul Latif is new customs DG

PETALING JAYA: The government has announced the appointment of Abdul Latif Abdul Kadir as the new customs director-general. He replaces Paddy Abd Halim who retired after 37 years in public service. In a statement, Chief Secretary to the Government Mohd Zuki Ali said Abdul Latif’s appointment would take effect from today. The 59-year-old joined the customs department in 1985. Prior to his promotion, he served as deputy director-general (enforcement...

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Labuan Chinese Chamber appeal Customs Dept to expedite the release of containers

LABUAN, May 10 — The Labuan Chinese Chamber of Commerce (LCCC) has appealed to the Royal Malaysian Customs Department to expedite the release of containers worth millions of ringgit still held up at the Labuan Liberty Wharf since February this year. Its president Datuk Wong Kii Yii said if the issue remains unresolved, all five companies which imported the containers would have to cease their business operations. According to...

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Malaysian authorities seize record 6 tons of African pangolin scales

On April 1, authorities seized more than 6 tons of African pangolin scales in Port Klang, Malaysia. This is the biggest shipment of pangolin scales ever to be discovered in this particular port. The exact origins of this shipment are unknown, especially since traffickers frequently change their routes. Pangolins are the most trafficked animal in the world, with over 1 million animals taken from the wild and traded since...

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Medical equipment, PPEs exempted from import duty, sales tax

KUALA LUMPUR (March 24): The Ministry of Finance (MoF) has exempted import duty and sales tax for the purchase of medical and laboratory equipment, personal protective equipment (PPE) and disposable products by any parties donating to the Ministry of Health (MoH) to help address COVID-19. The Royal Malaysian Customs Department, in a statement today, said this was agreed upon by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz...

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Michael Chong urges Customs to release face masks stuck at airport

PETALING JAYA: MCA Public Services and Complaints Department head Datuk Seri Michael Chong (pic) has urged the Royal Malaysian Customs Department to release the 10,000 face masks that are currently being held up. Chong said he was frustrated that the face masks donated by two parties that he knew were still stuck at the airport. “The stocks arrived at 7.31am last Friday (March 20) but Customs has not cleared...

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Customs seizes 42 imported luxury vehicles for unpaid import duties

Customs seizes 42 imported luxury vehicles for unpaid import duties

News, Sarawak Crime Jan 3 2020 / The Borneo Post KUCHING: The Royal Malaysian Customs Department (JKDM) has seized 42 luxury vehicles from a local company here on Jan 2 for unpaid import duties amounting to RM10.207 million. JKDM Sarawak director Dato’ Sharifah Halimah Tuanku Taha in a statement today revealed that the 42 vehicles of different makes were worth RM6.485 million. “One individual was detained to assist in...

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Customs seizes gambling machine declared as ‘furniture’ inside shipping container at Senari Port

Customs seizes gambling machine declared as ‘furniture’ inside shipping container at Senari Port

By Jeremy Veno Dec 18 2019 / Borneo Post Online KUCHING: The Royal Malaysian Customs Department (JKDM) has seized a gambling machine worth RM20,000 with an estimated tax of RM8,000 that was declared as ‘furniture’ inside a shipping container at Senari Port on December 12. According to JKDM Sarawak director Datuk Sharifah Halimah Tuanku Taha, the gambling machine was dismantled and kept in four wooden cases. The cases were...

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Import permit exemption for 54 categories of transshipment goods

Import permit exemption for 54 categories of transshipment goods

By Bernama Dec 17 2019 / Borneo Post Online JOHOR BAHRU: The government has agreed to exempt 54 categories of goods from the Approved Permit (AP) requirements for transshipment activities at all Malaysian ports, said Transport Minister Anthony Loke. He said the decision, made by the cabinet three months ago, covered items such as commodities and farm animals. However, controlled and dangerous items such as weapons and firecrackers would...

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