Announcement: Increase of Sales & Service Tax
Please be informed that commencing from 1 March 2024, the rate of Service Tax under the Service Tax 2018 is increased from 6% to 8%. This has been announced by the Royal Malaysia Customs Department, and is applicable to all of CRM’s taxable services (eg: study budget management fees, legal review, etc).
- Following this announcement, all parties are advised to engage with the CRM legal team (legal@clinicalresearch.my) and Finance team (yauyh@clinicalresearch.my) immediately respectively to ensure study budget and relevant payments made effective 1 March 2024 would be reflecting the new SST rate.
- For more information pertaining to the announcement by Royal Malaysian Customs Department, please head to https://mysst.customs.gov.my/. In addition, we have enclosed with this letter Frequently Asked Questions (FAQ) to facilitate your inquiries.
We thank you for your continuous support.