Industry roundtable with MOF, Customs and InvestKL

Following a meeting coordinated by InvestKL with the Ministry of Finance, Royal Malaysian Customs Department, foreign embassies and chambers, AMCHAM has received a series of written responses to our tax and investment-related queries.

Our thanks to Datuk Zainal Amanshah, CEO of InvestKL, and the InvestKL team for coordinating this helpful meeting and for following up with written responses. This type of substantive engagement provides our members’ opportunity to have their questions answered by the relevant authorities and ensures that Malaysia is delivering the “5Cs” of clarity, certainty, consistency, continuity, and confidence to the investment community.

Key issues covered include clarifications for Service Tax on Imported Services, updates on the application process for MSC status, clarity on toll manufacturing arrangements, and a range of industry-specific queries.

The written responses have been shared with Managing Directors and Finance Directors of AMCHAM member companies. For more information, members are invited to contact [email protected]