Sale’s & Service Tax Compliance

Manage your sale’s & tax with our experts now ! We ensure the tax’s compliance with the latest Law and Acts.

Sale’s & Service Tax

Sale’s & Service tax by Shantini & Associates

Sales tax is a tax on the sale of goods and services. It is typically
imposed by the government on the retail price of a product or service. The sales tax rate is at 5%,10% or at a specific rate.

The proposed rate of tax is 6%. However, the rates applicable are
different based on types of goods and services.

10% (Standard)

The SST is charged on the goods throughout the B2B process and is not deductible by the taxpayer.

6% (Standard)

The sales and service tax is also applicable on the services offered to the non-tax registered final consumer

5% (Reduced)

The rates for goods like petroleum oils,
construction materials, telecommunications, foodstuffs, IT, and printing materials and hardware are lower in SST Malaysia.

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Our Services

Sale’s & Service Tax Services

Our services included

Tax Compliant

Documents and calculation of the sale’s and service tax according to official’s Act and Law

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Save time to avoid getting penalty from late paying of tax by leveraging our solution’s partner and experts

Tax’s Calculation

Calculation of the tax’s by the experts of financing according to the law

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(+60) 132252828

info@shantini-ca.com

D-21-08, Level 21,
Menara SuezCap, Tower 1,
KL Gateway, Jalan Kerinchi,
59200 Kuala Lumpur,
Wilayah Persekutuan Kuala Lumpur

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FAQ

Sale’s & Service Tax FAQ

What is Sales and Services Tax (SST)?

The SST consists of two elements

I. Sales tax: A single-stage tax imposed on products manufactured and produced locally and on taxable goods imported into Malaysia.

II. Service tax: A consumption tax imposed on taxable services provided in Malaysia by a registered service provider carrying out their business.

What is the scope of SST?

The SST encompasses the supply of goods and services by
businesses registered under the SST laws as well as the importation of goods into Malaysia.

Who is liable to pay SST?

Businesses registered under the SST laws (Service Tax Act 2018) are liable to charge, collect and remit SST on their taxable supplies of goods and services.

How do I register for Service Tax?

Registration is processed online through the MySST system. If you don’t receive a notification, you may need to apply individually online using the MySST system.

What goods and services are exempt from SST?

The following goods and services are exempt from SST:

➔ Essential goods such as food, medicine and medical equipment
➔ Educational services
➔ Financial services
➔ Domestic travel
➔ Religious services

What are the penalties for late payment of SST?

Businesses that fail to submit their SST returns on time will be liable to a late payment penalty.

I. 10% – first 30 days period
II. 15% – second 30 days period
III. 15% – third 30 days period.

Maximum penalty 40% after 90 days

Sale’s & Service Tax Compliance

Manage your sale’s & tax with our experts now ! We ensure the tax’s compliance with the latest Law and Acts.