Airports around the world finds new innovation and enters a digital era
KUALA LUMPUR: The Finance Ministry has refined the scope of Service Tax to benefit the logistics sector and maintenance services, offering service tax exemptions for both.
"By combining the two items into one, the exemption scope for business-to-business activities has been widened whereby logistics service providers classified under Item 1 are now no longer required to incur Service Tax for acquiring delivery or distribution or transporting services that previously had been listed under Item 1.
The ministry shared that with this the Free Commercial Zones and Free Industrial Zones such as the Port Klang Free Zone and West Port in Selangor, as well as the Pasir Gudang Port in Johor, would benefit from this exemption. In regards to maintenance services, the ministry said the additional Service Tax exemption include repairs of residential buildings, sinking funds and maintenance services related to land or buildings for residential purposes provided by developers, joint management bodies, or resident associations.
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