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GOODS & SERVICES TAX

The goods & services tax (GST) will be introduced in Malaysia with effect from 1.4.2015.  All businesses with annual sales turnover of RM500,000 and above are required to be registered with the Customs Department before the commencement of the introduction of the GST.  Businesses which have not reached the threshold of RM500,000 shall apply for registration within 28 days from the end of the month in which the threshold is reached.