Malaysia today starts levying goods and services tax (GST) at 6%, replacing sales and services tax. Advisers report grey areas, especially in the healthcare and financial sectors, though say that Malaysia's Revenue and Customs Department (RMCD) has been acting to provide clarity by filling in the gaps.
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Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard