Malaysia's Ministry of Finance issued updated policy notices regarding sales tax and services tax on 5 January 2025. Some of the key updates concern service tax on rental and leasing services, effective 1 January 2026:
- The service tax rate on rental or leasing services for non-residential and industrial use has been reduced from 8% to 6%;
- The annual sales threshold for Micro, Small and Medium Enterprises (MSMEs) to be exempt from paying service tax on rental or leasing services has been rai…