On 2 November 2018, Malaysia's Minister of Finance tabled in parliament the Budget for 2019. As highlighted in the budget speech, several tax-related measures are proposed, including:
- The grant of exemptions for specific business-to-business Service Tax for registered Service Tax entities from 1 January 2019 to prevent the increase in the cost of doing business as a result of compounded taxation and protect the competitiveness of our local service industry;
- The introduction of a credit syste…