Regulatory Analysis

The Malaysian Sales and Service Tax Royal Malaysian Customs Department announced the postponement of the imposition of sales tax on Low Value Goods to a date to be determined later. As discussed in our previous post on this topic, the tax on low value goods was scheduled to take effect on April 1. The announcement, […]

Effective 1 April 2023, Malaysia will be extending Sales Tax to sales of imported goods with a sale value of RM500 or less. Malaysia defines low value goods as “goods or class of goods from outside Malaysia that are sold in the online marketplace at a price of not exceeding RM500 and brought into Malaysia […]

Pakistan approved an increase to the standard sales tax rate to 18% from 17% through the Finance (Supplementary) Bill, 2023. The Bill, as posted on the Parliament website on February 21, 2023, indicates that the rate change is effective at once. The Finance (Supplementary) Bill, 2023 can be found here.