The Malaysia Sales and Services Tax (SST) was raised from 6% to 8% starting 1 March 2024. Find out what industries and services will be impacted.
Navigate the complexities of global sales tax with Recurly's comprehensive guide. From the U.S. to the EU, understand rates, rules, and best practices for seamless tax collection. Overview Required plan This feature or setting is available to all customers on any Recurly subscription plan. Prere...
Service tax registration is needed when thevalue of taxable services exceeds the threshold of RM500,000 for a 12-month period. There are a number of exceptions to this general rule as operators categorised under Group B are subject to anRM1,500,000 threshold, and no threshold i...
In Malaysia, before applying for the SST(Sales and Service Tax), every business performing its activities must assess if they are subject to this tax. For already GST registered manufacturers, businesses, and service providers, they are automatically identified and registered under the Sales and Ser...
Explore Malaysia’s Sales and Service Tax (SST) system, its structure, rates, compliance rules and how it impacts businesses across different sectors.
Sales tax nexus is a term used to describe the connection between a business and US state or local government that triggers the requirement to collect and remit sales tax. It is the minimum threshold of activity that a business must have in a state before it is obligated to collect and re...
Sales tax compliance can be complex and time-consuming. Learn best practices for navigating the sales tax registration process.
January is a busy month for United States sales tax returns. Verify your upcoming due dates and make a plan to stay organized this year.
Businesses below the threshold may choose to register for service tax voluntarily. What are the service tax rates in Malaysia? Standard rate is 6% of the price, charge, or premium for taxable services. B2B exemption A B2B exemption is applicable to a service tax-registered person who acquires ...
Consider your wholesale, labor, real estate, equipment, and tax expenses. Account for all mandatory expenses so you can avoid offering discounts so low they hurt your bottom line. 3. Set clear limitations Define how many times a customer can use a promo code, to help manage your budget ...