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Malaysia officially the second country in South East Asia to introduce a digital tax

Malaysia officially the second country in South East Asia to introduce a digital tax

Malaysia is officially the second country in Southeast Asia (SEA) to introduce a Digital Tax which could apply to both local and international players. Slated to be implemented by 1 January 2020, the tax is aimed to level the playing field and spark better competition in its e-commerce sector.

This landmark announcement for the digital sector is highly significant as it was announced at the first federal budget tabled by a new government since the country’s independence in 1957.

More importantly, the announcement on the digital tax in Malaysia is expected to serve as a role model for neighbouring countries and beyond to introduce a tax scheme for its digital economy.