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Malaysia Updates Tax Guidance For Digital Services Providers

Malaysia Updates Tax Guidance For Digital Services Providers
Malaysia Updates Tax Guidance For Digital Services Providers
by Mary Swire, Tax-News.com, Hong Kong
03 March 2021
Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services.
The latest version of the guidance, "Guide on: digital services by Foreign Service Provider (FSP)", replaces earlier guidance last updated in August 2020.
FSPs were required to collect six percent service tax on B2C services from January 1, 2020. Under the regime, foreign services providers who provide digital services to consumers are liable to be registered as a foreign registered person (FRP) when the total value of digital business-to-consumer services in Malaysia exceeds MYR500,000 (USD119,200) in any year.

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