ECOVIS International Info 3/2015

Expanded Scope of Sales and Service Tax in Malaysia

Effective 1 July 2025, the Malaysian government revised the list of items subject to sales tax and expand the scope of service tax. These measures aim to strengthen the country’s fiscal position by increasing revenue and broadening the tax base. The Ecovis Experts from ECOVIS Malaysia Tax provide an overview of the changes.

Malaysia Stamp Duty: Revised Rules and Self-Assessment System Explained

Under the Self-Assessment System for Stamp Duty, Malaysian taxpayers will assume full responsibility for determining, calculating, and declaring stamp duty obligations. Under this new system, taxpayers must assess whether an instrument is chargeable, calculate the correct duty, and submit the declaration independently via the STAMPS platform, without prior assessment or confirmation from the IRBM.

Vietnam Private Sector: Special Policies Planned for Development

Vietnam has unveiled a series of resolutions aimed at fostering the growth of its private sector, focusing on tax incentives and streamlined administrative processes. The Ecovis Experts from ECOVIS AFA VIETNAM provide an outline, explaining what these changes mean for start-ups and SMEs.