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Indirect Tax Advisory (Sales & Service Tax)

SALES TAX ADVISORY

Sales tax 2.0 was implemented with effect from 1 September 2018 to replace the existing Goods and Services Tax (GST). It is a single-stage tax imposed on taxable goods manufactured locally by a registered manufacturer, and on taxable goods imported by any person. Goods are taxable unless they are specified in the sales tax exemption orders.

Manufacturers in Malaysia need to understand the impact of sales tax. Unlike Service Tax, manufacturers need to incur sales tax upfront upon the importation of goods and sales of goods, resulting in cash flow implications. Thus it is very important to understand the tax incentive such as pioneer status, investment tax allowance, or reinvestment allowance, and whether they can apply to your business. In addition, to fully utilize the 81 exemptions which may apply to your business under Sales Tax Exemptions. Special treatment is also given to transactions involving Designated Areas (Labuan, Langkawi, Pangkor and Tioman) and Special Areas (Free Zones, Licensed Warehouses, Licensed Manufacturing Warehouses and Join Development Area). We can provide you with our comprehensive sales tax support which includes sales tax exemption advisory, shipment planning under special treatment, sales tax training and a sales tax review program Equip with deep tax technical expertise, our tax specialists are here to support you, delivering top-notch tax consulting services in line with your highest expectations to drive your business forward.

Indirect tax advisory services include

SST Registration

SST Training

SST Implementation

SST Appeal

SALES TAX ADVISORY

Service tax 2.0 was implemented with effect from 1 September 2018 to replace the existing Goods and Services Tax (GST). It is a consumption tax levied and charged on any taxable services provided in Malaysia by a registered person in carrying on his business. The rate of service tax is 6%.

In respect of imported services, businesses must be aware of the impact of service tax and withholding tax as well. Unlike Sales Tax, Service Tax is levied based on a payment basis, which means businesses only make a service tax payments to Royal Malaysian Customs Department when payment is received.

Special treatment is also given to transactions involving Designated Areas (Labuan, Langkawi, Pangkor and Tioman) and Special Areas (Free Zones, Licensed Warehouses, Licensed Manufacturing Warehouses and Join Development areas).

We provide comprehensive service tax support which includes service tax exemption advisory, service tax training, and service tax review program. Equip with deep tax technical expertise, our tax specialists are here to support you, delivering top-notch tax consulting services in line with your highest expectations to drive your business forward.