KUALA LUMPUR: Foreign digital service providers will soon be taxed for their services in Malaysia as authorities look to amend several tax laws. "Foreign digital service providers receive direct payment for their services but they are not taxed. Taxing foreign digital service providers, he added, could boost the country's revenue in the future as the government was targetting additional collection of a few billions ringgit from the digital economy. On examples of foreign service providers to be taxed, he said those who sold software and online shopping sites like Lazada and alibaba.com will likely be required to adhere to relevant tax requirements soon. Keywords: tax, digital service provider, GST, Customs Department,

Source: New Strait Times September 18, 2017 03:56 UTC