New Publication Post-COVID-19 Pandemic: Finding Silver Linings for Businesses

There are always two sides to every coin, even in times such as this global pandemic. So, feel free to download and read our latest publication, Post-COVID-19 Pandemic: Finding Silver Linings for Businesses.

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Updates on Indirect Tax: Digital Services

The Royal Malaysian Customs Department (RMCD) has released the following Service Tax amendments:

1.  Service Tax Policy No. 10/2020 dated 17 April 2020 [click HERE]. Digital services provided in connection with banking and financial services by local service providers is excluded from Service Tax effective 1 January 2020. The exemptions do not apply to the provision of digital services related to banking and financial services provided by foreign service provider to consumer in Malaysia.

2.  Following the Service Tax (Amendment) Regulations 2019 dated 30 August 2019 in relation to services provided under Group G (items (a), (b), (c), (d), (e), (f), (g), (h) or (i)) of the First Schedule provided by a Foreign Service Provider to any company within the same group of companies in Malaysia, such services shall not be treated as imported taxable services requiring application of the reverse charge mechanism.

RMCD has on 13 May 2020 released Service Tax (Amendment) Regulations 2020 and Service Tax (Digital Services) (Amendment) Regulations 2020, both dated 13 May 2020. Digital Services provided by the Foreign Service Provider to a company in Malaysia within the same group of companies, shall be excluded from Service Tax as well, but with some qualifications. This is best explained diagrammatically as below:-

We will keep you updated on any further guidelines and announcements to be issued by the Royal Malaysian Customs Department or other relevant authorities, if any.

Operational Guidelines GPHDN 2/2020

Further to our tax bulletin dated 22 April 2020, the Inland Revenue Board (IRB) has issued the operational guidelines GPHDN 2/2020 [click here, available in Bahasa Malaysia only] pertaining to the revision of tax estimate in the third month instalment in year 2020 and deferment of instalment payments for companies in the tourism industry as well as Small and Medium Enterprises (SMEs).

GPHDN 2/2020 is essentially a summary and codification of previous FAQs issued by the IRB [click here] in the form of a formal guideline on the subject. Some examples are also given in the guidelines. Please refer to the examples for further information.

The New Normal: Communication is Vital for Business Survival

As Malaysians put it:“You didn’t tell me how I know leh?”

Our Head of Corporate Communications, Ms Rhoda Tan, will tell you why communication is vital for the survival of your business and how to communicate with your stakeholders effectively against the backdrop of the COVID-19 pandemic crisis in Baker Tilly Malaysia’s latest publication.

Read our latest publication to find out how a well-structured communication strategy can provide assurance, comfort, and security to your stakeholders amidst these uncertain times.

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New Publication | Leading People Remotely

Five months ago, no one imagined that working remotely will become the new normal. Yet, this arrangement is now a necessity to restrain the aggressive transmission of COVID-19 and it looks like it is here to stay for some time. In our latest publication, Ms. Carmen Chua, our Head of Talent, Interaction & Memories, shares several tips on how to lead a remote workforce. 

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