The Goods and Services Tax (GST) will be set to zero percent (0%) effective from 1 June 2018, as announced by Minister of Finance Malaysia on 16 May 2018.
As such the rate reduction from 6% to 0% will be reflected on transactions related to Clinical Trial Agreement (CTA) from 1 June 2018 onwards.However, GST Clause has to be remained in the CTA at 0%.
Therefore, all works/services done from 1 June 2018 will be charged with 0% GST and for all works/services done prior to 1 June 2018 will still be charged with 6% GST.
For further clarification please contact Mr Lawrence Hong of CRM Finance Departmet at +603-7960 5153 (ext. 116) Email: email@example.com