Malaysia issues guidance on foreign currency exchange rates for service and sales tax invoices

On 31 March 2026, the Director General of Customs (DGC) issued Public Ruling No. 01/2026 Determination of Foreign Currency Selling Exchange Rates for Service Tax Invoices and Sales Tax Invoices. The ruling is issued pursuant to Section 41 of the Service Tax Act 2018 and Section 42 of the Sales Tax Act 2018 and provides clarification on how foreign currency amounts must be converted into Malaysian Ringgit (MYR) for invoicing purposes.

The ruling applies to service tax‑registered persons an…