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On 15 June 2020, the Ministry of Finance announced that the Royal Malaysian Customs Department (“RMCD”)  is committed to expedite GST refunds, with payments expected to be made from 22 June 2020 and targeted to be completed by December 2020.   For companies which qualify, GST may be refunded first pending audit to be conducted.

In line with this, the RMCD has issued an announcement with regards to the GST refund on its official website for Sales Tax and Service Tax (“MySST”).  A list of Frequently Asked Questions (FAQs) is also available in the MySST.  Please note that both the announcement and the FAQs are currently available in Bahasa Malaysia only.

For more details, please refer to our Tax Whiz which can be accessed via the above link.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Contact KPMG

 

For more information on our core service offerings, please contact:

Ng Sue Lynn
Executive Director 
Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271

Yap Choon Ling
Director
Indirect Tax Practice
CHOONLINGYAP@KPMG.COM.MY
+ 603 7721 7207
Dato’ Tan Sim Kiat 
Advisor 
Indirect Tax Practice
SIMKIATTAN@KPMG.COM.MY