ANNOUNCEMENT
June 01, 2018

CIRCULAR ON THE APPLICATION OF THE GOODS AND SERVICES TAX (GST) IN THE PROCEEDINGS ADMINISTERED BY THE AIAC

AIAC CIRCULAR – APPLICATION OF GOODS AND SERVICES TAX

CIRCULAR ON THE APPLICATION OF THE GOODS AND SERVICES TAX (GST) IN THE PROCEEDINGS ADMINISTERED BY THE AIAC

According to the Good & Services Tax 2018 (Rate of Tax) (Amendment) Order 2018, the Goods & Services Tax (GST) rate shall be adjusted from 6% to 0% effective 1^st June 2018.

Accordingly, in all proceedings administered by the AIAC, including, but not limited to, adjudication, arbitration, mediation and domain name disputes proceedings:

1. all GST-registered adjudicators, arbitrators, mediators and domain name panellists are required to issue tax invoices for their fees accordingly, reflecting the revised GST rate; and
2. all  adjudicators, arbitrators, mediators and domain name panellists, who are not GST-registered, are required to continue issuing their invoices without any GST rate;
3. the AIAC will be issuing tax invoices for administrative fees payable to the AIAC, reflecting the revised GST rate.

This Circular will take effect on 1^st June 2018.

Dated this 1^st June 2018.

DATUK PROFESSOR SUNDRA RAJOO

Director of the AIAC