POST GAZETTE GST AWARENESS Goods and Service Tax (“GST”) is governed by the Royal Malaysian Customs Department, and it is a replacement of the current Sales Tax and Service Tax. GST is a consumption tax, which means the more you consume, the more GST you need to pay. Click on...Read More
RPGT is a tax imposed on gains from disposal of all types of properties such as residential and commercial buildings, land and shares of real property companies. RPGT is imposed on the net gains from disposal of property after deducting the following costs:- Acquisition price...Read More
In Malaysia, a corporate covers the following entities:- Company, both private and public Trust body Executor of an estate of an individual domiciled outside Malaysia at the time of his death Receiver appointer by the court Limited liability partnership The current fixed income...Read More
Effective Year of Assessment 2015 (meaning from 1 January 2015 onwards), the tax rates for individual residents of Malaysia shall be reduced by 1% to 3% as follows:- The above proposal is to increase disposable income, and in line with the implementation of GST. This tax...Read More
Previously, we discussed What is GST in Malaysia. Click on the bolded link to read. Registration on GST Before we move into the registration and requirements on GST, let me recap the qualification criteria. All businesses will fall within the scope of GST unless they are...Read More
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