According to the recent news reported in the media, the Ministry of Finance (“MOF”) has informed that the proposed expansion of scope for Service Tax and review of Sales Tax rates for specific goods initially scheduled to be effective 1 May 2025 will be deferred to a later date. The MOF has further shared that the deferment is to refine the proposed amendments and to ensure a smooth implementation.
Whilst the new implementation date was not specified, it was reported that according to the Director General of Customs, the relevant amendment legislations are expected to be gazetted on 1 June 2025.
Pending the government gazette and official announcement on the implementation date, if you require any assistance, please do not hesitate to reach out to us. Meanwhile, we will continue to provide updates on this matter.
Our highlights are intended to provide a general overview of the key proposed tax changes and should not be used or relied upon as a substitute for detailed advice or as a basis for formulating business decisions.
