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Government expects to receive a RM2.4 billion tax from the Digital Tax levied in 2020

Government expects to receive a RM2.4 billion tax

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Government expects to receive a RM2.4 billion tax from the Digital Tax levied in 2020

In the exclusive interview with Datuk Tan Sim Kiat, KPMG’s Advisor for Indirect Tax and Ng Sue Lynn, Executive Director for Indirect Tax Practice on the challenges of the implementation of Digital Tax by the government.

Dato Tan commented that the above RM2.4 billion tax is based on the assumption that all overseas digital service providers operating locally are registered and paid to the government. tax. However, the fact that merchants may not register with the Royal Malaysian Customs Service and some uncertainties at the beginning of the policy implementation will be a potential challenge for the government.

“Digital tax is a good initiative to create a level playing field for local digital service providers. However, there are still areas of improvement, such as clarifying the definition of digital services and minimizing the additional cost to corporate customers,” added Sue Lynn.
 

Click here to read the full article on Oriental Daily and See Hua Daily News West Malaysia

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