We will visit your office once per SST return submission or you will provide our office the relevant documents (for one taxable period) to review your record keeping, accounting entries and preparation of SST Returns.
The indirect tax landscape in Malaysia have been very volatile recently whereby we were previously under the Sales and Services Tax (SST) regime, then we changed to Good and Services Tax (GST) and recently changed again to the SST regime with effect from 1 September 2018.
SST is levied on prescribed taxable services and there are goods that are taxable whilst some are exempted from sales tax. This requires careful consideration and assessment to ensure correct classification of goods to ensure compliance with the SST law and this is to avoid any miscalculation of SST liability with the Royal Malaysian Customs Department.
Unfortunately, the SST are final taxes with no credit mechanism. While exemptions do exist, SST is predominantly a business cost. Therefore, we will guide you whether or not you are required to register with SST or otherwise. We can assist and guide entities to comply with the SST requirements and are given the correct treatment, assist in the regulations and advise in audit or investigations.
