Understanding SST

a) What is Service Tax?

  • Service tax that is a tax charged and levied on taxable services provided by any taxable person in Malaysia in the course and furtherance of business.

  • Taxable person is any person who belongs in Malaysia and is prescribed to be a taxable person.

  • Taxable service is any service which prescribed to be a taxable service.

 

b) When is Service Tax due and payable?

  • Tax is due and payable when payment is received for taxable service provided to customer by the taxable person

 

c) What is Sales Tax?

  • A single stage tax levied on imported and locally manufactured goods, either at the time of importation or at the time the goods are sold or otherwise disposed of by the manufacturer.

 

d) Threshold

  • Any person providing taxable services liable to be registered if the total amount of taxable services provided by him in 12 months exceed RM500, 000.

 

e) Taxable Period

  • Bimonthly

f) Where have to Register?

 

g) IT product percentages

  • Laptop 5%

  • HDD 10%

  • Modem 5%

  • LED monitor 10%

  • Pendrive 5%

  • Cables 10%

  • Routers 5%

  • Switch 10%

  • Adapter 10%