To calculate your SST payment, use the following formulas: Sales Tax: Taxable Value × Sales Tax Rate (5% or 10%) Service Tax: Taxable Service Value × Service Tax Rate (6%) Example: For a consulting service valued at RM 20,000 with a 6% Service Tax rate: Service Tax = RM 20,000 ...
Group H – Credit card and charge card (persons who are regulated by Bank Negara Malaysia and provide credit card or charge card services) Group I – Other service providers: advertising services, brokerage, cleaning services, courier delivery services, foreign digital services, hire ...
You need to submit your Tax Return online via theCJP system. After the return submission in the same portal, the payment is made via FPX facility with 17 banks to choose from Alternatively, you can downloadForm SST-02 from the MySST portaland mail it to CPC(Customs Processing Centre) by ...
Guide to Malaysia's Sales and Service Tax (SST): Scope, Rates, and Payment Procedures Malaysia's indirect tax system comprises the Sales and Service Tax (SST). This guide explains its scope, registration, rates, and payment procedures. Finance · 18 Nov 2024 · 5 mins read EY Follow EY ...
An SST return is submitted but without payment or with an insufficient payment Failure to complete registration Conclusion The reintroduction of the Sales and Service Tax (SST) in Malaysia has reshaped the country’s indirect tax framework, bringing with it a simpler, more targeted system compared...
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Tax is due and payable when payment is received on taxable services provided by any taxable person in Malaysia in the course and advancement of business. Taxable services under service tax Taxable services are broadly categorised into groups A to I: ...
To calculate your SST payment, use the following formulas: Sales Tax: Taxable Value × Sales Tax Rate (5% or 10%) Service Tax: Taxable Service Value × Service Tax Rate (6%) Example: For a consulting service valued at RM 20,000 with a 6% Service Tax rate: Service Tax = RM 20,000 ...