SST/ GST LATEST NEWS

Last call for Service Tax Registration on 29 February 2020! Effective from 1 January 2020, there will be widen of scope for existing taxable service and prescribe new service as taxable service as follows:- Group G, column (2) i) Item (h) – provision of IT Service is expanded to include ...
Read More

SST highlight: To exempt the 6% service tax for hotels. However, this exemption will be made effective earlier, that is from March to August 2020. Service tax Regulation, First Schedule: Group A: Accommodation (Column 2 (b), provision of any other taxable service specified in other Groups in this Schedule).  ...
Read More

Datuk Paddy Abd Halim has been appointed the new Customs Department director-general effective April 1, says the Finance Ministry. Its minister Lim Guan Eng said Paddy’s appointment was to replace Datuk Seri Subromaniam Tholasy who had retired on March 9. Lim said Paddy started his career as the Customs officer ...
Read More

The new 6% tax set to be imposed from Jan 1, 2020 on foreign digital service providers will be borne by the consumers, according to tax experts. Tax expert Senthuran Elalingam said, as an illustration, he currently subscribed to iflix, Astro, Spotify and Netflix. “Each provider charges me a monthly ...
Read More

Effective Jan 1, 2019, however, the government will grant services tax exemptions in certain B2B relationships, with a view of curbing cost increases resulting from compounded taxation. The Edge dated 5 November 2018 ...
Read More

“The [sales tax] credit system could potentially be an efficient facility as it would allow small manufacturers to source their manufacturing inputs from local importers or traders, rather than importing directly. This would streamline the sales tax treatment of imported and locally sourced materials,” Yeoh tells Enterprise. “Any sales tax embedded into ...
Read More

KUALA LUMPUR: The Malaysian Finance Ministry (MOF) has announced the implementation of service tax on foreign digital services – including software, music, video and digital advertising – effective Jan 1, 2020. In Finance Minister Lim Guan Eng’s presentation, several company logos were shown including music streaming service Spotify, video streaming site ...
Read More

KUALA LUMPUR: The Pakatan Harapan government is committed to returning the Goods and Services Tax (GST) refunds that were improperly or even “illegally” withheld by the previous government, beginning next year, said Finance Minister Lim GuanEng today. He said the commitment was being made despite the huge amount of refunds ...
Read More

KUALA LUMPUR: The implementation of the Sales and Service Tax (SST), beginning Saturday, will not cause hardship to consumers as there will be no significant price hikes. This is because the six per cent service tax and 10 per cent sales tax will only be imposed on certain products and ...
Read More

RMCD has posted an updated Guide on Accounting Software. Some major changes in the guide include but not limited to “revised tax codes” and “new requirements for item 15 in the GST 03 form”. You can download from here ...
Read More

Please be informed that registrants may now request to the Director General for a two months taxable period (Bi-Monthly)  subject to the following conditions: Applicable only for registrants with a monthly taxable period Registrants under cash basis industries such as retailing are not allowed to apply All applications will be ...
Read More

The Royal Malaysian Customs Department (RMCD) has made an announcement that GST registrants who have been imposed with late payment penalty may appeal to the Director General (DG) of Customs pursuant to Section 62(2) of GSTA 2014. GST registrants who wish to make an application for remission of penalty should ...
Read More

PETALING JAYA: Irked by goods and services tax (GST) collections that “do not make sense”, the Royal Malaysian Customs Department is sending out enforcement officers posing as customers to nab traders who evade paying the true amount of the tax. The department’s director-general, T Subromaniam, was quoted in Sin Chew ...
Read More

AN officer and a gentleman. That’s the first thing that strikes you about Customs director-general Datuk Subromaniam Tholasy. Soft-spoken, well-read and down to earth. Read more at http://www.thestar.com.my/news/nation/2017/04/23/reinventing-customs/#qmw02BtOIIUG6z0j.99 or https://www.facebook.com/kacadvisory/ ...
Read More

ALOR SETAR: Businesses will not be able to avoid paying the Goods and Services Tax (GST) after a mechanism is introduced to link cash registers to the Customs Department’s system. Its deputy director-general (GST) Datuk Zulkifli Yahya said the mechanism, which will have a dongle attached to the cash registers, ...
Read More

Offences include fraud and failure to pay PETALING JAYA: The Customs Department has a policy of friendliness, but that does not mean it will close an eye on errant traders. At least 5,000 nationwide face possible action for offences related to the Goods and Services Tax (GST), fraud and non-submission ...
Read More

MALACCA: The Customs and Excise Department is targeting to increase the goods and services tax (GST) collection by 10-13% next year, as compared to RM38 billion this year, says director-general Khazali Ahmad. He said Customs would focus on the issue of GST delivery statement compliance as one of the measures ...
Read More

FOR goods and services tax (GST)registered businesses who have monthly filing obligations, they would have filed their August 2016 GST return last month and this would have been their 17th GST return since Malaysia introduced this consumption tax on 1 April 2015. After 17 returns, what is the state of ...
Read More

Telco shop owner asks for two weeks to pay fines IPOH: A telecommunications retail shop owner, who pleaded guilty to eight counts of not submitting the Goods and Services Tax (GST) statements, has appealed to the Sessions Court here to give him two weeks to arrange to pay his fines ...
Read More

Fraud case said to be country’s first IPOH: In what is said to be the first such case in the country, two men have claimed trial to 12 counts of making fraudulent claims on the Goods and Services Tax (GST) totalling RM945,123. Businessmen Mok Siew Khuen and Ahmad Zawawi Abdul ...
Read More