Malaysia legislation
Section 50
of MEASURES FOR THE COLLECTION, ADMINISTRATION AND ENFORCEMENT OF TAX ACT 2024
Section 50
Amendment of section 27
(a)
by substituting for subsection (5) the following subsection:
“(5) Where any person has obtained control of any taxable goods or has imported any taxable goods, the Director General may require the person to account for the taxable goods.”; and
Act 863
(b)
by substituting for subsection (6) the following subsection:
“(6) Where any person fails to account for the taxable goods under subsection (5) by reason that—
(a)
the taxable goods have been sold by such person;
(b)
the taxable goods have been exported or removed by way of sale; or
(c)
the taxable goods have been lost or destroyed, the Director General may assess to the best of his judgment the amount of sales tax that would have been chargeable in respect of the taxable goods if the goods had been sold by such person and shall forthwith notify the person of the assessment in writing.”.
Amendment of Schedule