KUALA LUMPUR: The Goods and Services Tax in Malaysia stands at 6 percent. Sales Tax Rate in Malaysia averaged 8 percent from 2006 until 2015, reaching an all time high of 10 percent in 2007 and a record low of 6 percent in 2011. Sales Tax Rate in Malaysia is reported by the Inland Revenue Board of Malaysia.
Starting on 1 April 2015, Sales and Services Tax was replaced by Goods and Services Tax GST as a part of the Government’s tax reform program to enhance the capability, effectiveness and transparency of tax administration and management. In Malaysia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services.
The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Malaysia. This page provides – Malaysia Sales Tax Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Goods and Services Tax | GST – actual data, historical chart and calendar of releases – was last updated on September of 2016.
