Taxing the digital economy

Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy at the GST conference 2017 yesterday. - The Star/Sam Tham

KUALA LUMPUR: The Royal Malaysian Customs Department plans to amend the goods and services tax (GST) Act to enable the Government to collect taxes from foreign companies operating in Malaysia under the digital economy.

According to Customs Department director-general Datuk Seri Subromaniam Tholasy, the amendments will allow the Government to tap a segment that is worth “billions of ringgit.”