Malaysia: Expedited GST refunds

Malaysia: Expedited GST refunds

The Ministry of Finance in June 2020 announced that the Royal Malaysian Customs Department is committed to expediting goods and services tax (GST) refunds, with payments expected to be made from 22 June 2020 and targeted to be completed by December 2020.

1000

Related content

For eligible companies, GST may be refunded first, with any pending audit to be conducted later.

The authorities 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 (available in Bahasa Malaysia only).


Read a June 2020 report [PDF 1.2 MB] prepared by the KPMG member firm in Malaysia

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. 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. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal