Malaysia is implementing a CTC clearance model starting in August 2024 for large taxpayers undertaking commercial activities in the country. Following recent postponements of the mandate, the pilot phase set to start in January of 2024 has also been postponed and, until recently, no date had been communicated for its launch.
The Inland Revenue Board of Malaysia (IRBM) has now set the date for May for the pilot program to begin, and it has gathered 50 companies for this phase. The pilot is open for any company that wants to join on a voluntary basis.
