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Malaysia issues GST rate details

  • VAT
  • 30 October 2014 | Richard Asquith

Malaysia issues GST rate details

The various rates and classifications of goods and service have been published for the Malaysia Goods & Services implementation, scheduled to take place on 1 April 2015.

Zero rated goods

Many basic foodstuffs and medicines have been classified as zero rated, meaning there is no VAT charge. The supply of public services and water is also included. Exports of goods and services are exempted from GST. Unusually, not all financial service are exempt. Some will be zero rated in compliance with Sharia law.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.