Our guest author, Khong Siong Sie, shares his recap of the top 5 tax law cases in Malaysia for the year 2020. Siong Sie is the tax partner at Khong Partnership and he is a chartered accountant.
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GST
Five Legal Issues on GST at 0%
Khong Siong Sie and Kailash Kalaiarasu highlight the legal nuances behind the “abolishment of GST”.
On 16 May 2018, the government announced that the Goods and Services Tax (“GST”) is to be set at 0%, effective 1 June 2018 (see Goods and Services Tax (Rate of Tax) (Amendment) Order 2018 dated 16 May 2018)
This announcement was followed by a swift execution of the necessary revocation and amendment orders to remove, among others, the now redundant zero-rated supply and relief orders since no GST will be levied.
At first glance, the rakyat may be quick to describe this as the abolishment of GST. From a strictly legal perspective, however, there are greater nuances at play. Whilst economists and political analysts may have their respective takes on this measure, here are 5 points about GST at 0% viewed through a legal lens. Continue reading