News & Reviews:   Digital Service Tax

The Ministry of Finance (MOF) revealed that the Digital Service Tax raked in RM1.6 billion in revenue in 2024. MOF announced the figure in a written Parliamentary reply yesterday (18 February) to a question by Bera MP and former Prime Minister Datuk Seri Ismail Sabri Yaakob.

All the news on digital tax has made many Malaysians sad this December. Unfortunately, that doesn't seem to be stopping yet. We've already heard of how Steam will be implementing digital tax for its platform earlier today and now Netflix has also announced that it will be revising its pricing for the Malaysian market.

The implementation of the digital tax towards the foreign-based online services has been announced to be implemented starting from 1 January 2020 since last year. Today, only two days left before it rolls out, there are only a few companies that revealed the impact of the tax on their services publicly.

Today, Budget 2020 was announced and if you only want to know if there are any upcoming changes in the tech industry, you've come to the right place. The list is quite long and we managed to look through the relevant ones so without further ado, check out our Budget 2020 Tech Round-Up below!