Project Details

The Royal Malaysian Customs Department has issued Guide on Broking and Underwriting Services on 27 February 2019. Effective 1 January 2019, under Group I, item 12, First Schedule of the Service Tax Regulations 2018, the provision of broking and underwriting services under prescribed circumstances are subject to service tax. Services tax is not applicable for such services supplied in connection with goods or land situated outside Malaysia or where the subject matter relates to a country outside Malaysia.