GST Tax Agent licensed by Ministry of Finance

MALAYSIA GST

Goods & Services Tax (GST) was implemented in Malaysia on 1 April 2015 which replaced the Sales and Services Tax. GST is a multi-stage tax on domestic consumption. GST is charged on all taxable supplies of goods and services in Malaysia except those specifically exempted.

We started the pilot GST implementation for commercial company in Malaysia as early as in the Year 2010. Throughout the years, we have performed numerous studies on Malaysia GST Bill and overseas GST/VAT implementation approaches. The early preparation enabled us to customised the effective GST implementation approaches for the business of various sizes from big to small; and in various industries. With our experiences from pre GST era till now, we are committed to make GST simple for business - here it is Simple GST. Online GST services that offers you the flexibility to access to GST updates, knowledge and access to expert review at your convenience yet at the affordable manner. continue reading ...

Our group of GST Tax Agents who are licensed by Ministry of Finance (MOF) and trained by Royal Malaysian Customs Department (RMCD) move a step further to provide GST services online to enable businesses to access to the expert help in a cost effective and easy accessible way. Furthermore, we are here to educate businesses on the importance to engage GST Tax Agents that are licensed by the Authority.

After GST is being implemented in Malaysia, we take steps further to consult businesses on good compliance; on how to identify common errors that businesses might not aware of. Our GST Consultants make extra effort to search and study overseas GST/VAT case laws to prepare themselves ahead for handling GST Audit for businesses. We are handholding companies that are in Audit preparation or in the process of dealing with RMCD on GST issues.

GST Tax Code

The use of Recommended GST tax code to accounting entries are always the challenges and concern to businesses. It is not compulsory to use the Tax Codes recommended provided by Royal Malaysian Customs Department (RMCD) but you always encourage to do so in order to have good compliance.

We would like to introduce the updated recommended tax codes for your reference. The tax codes listed are recommendations to allow proper classifications of typical purchase and sales scenarios encountered by GST-registered businesses for the purpose of better compliance. The list is not intended to be prescriptive nor comprehensive.

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You may download the "Explanation on the Recommended GST Tax Code" here

GST Audit

With the recent updates, we know that the Royal Malaysian Customs Department (RMCD) is target to collect RM 3 billion in GST through its Customs Blue Ocean Strategy 3.0. The Department aims to inspect about 200,000 of the 433,000 GST-registered companies in the CBOS 3.0 operation in the Year 2017.

Managing GST audit risk is essential to ensure smooth business operation and reduce the unnecessarily penalties to businesses. Hence, we strongly advise businesses to identify the common errors that you might not aware of by downloading the "GST Audit & Common Error Guide" and do a self check now.

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Important Info

GOODS AND SERVICES TAX ACT 2014

GOODS AND SERVICES TAX (ZERO RATED SUPPLIES) ORDER 2014

GOODS AND SERVICES TAX (EXEMPT SUPPLIES) ORDER 2014

GOODS AND SERVICES TAX (RELIEF) ORDER 2014

GOODS AND SERVICES TAX (IMPOSITION OF TAX FOR SUPPLIES IN RESPECT OF DESIGNATED AREAS) ORDER 2014