Guide on Sales Tax Exemption Under Schedule C – Persons Exempted From Payment Of Tax
On August 23, 2022, the Royal Malaysian Customs Department (RMCD) released the following document onto the MySST website: Guide on Sales Tax Exemption Under Schedule C, Sales Tax (Persons Exempted From Payment Of Tax) Order 2018. If you are a registered manufacturer, you can apply for exemptions from tax payment under Schedule C of the […]
Sales Tax (Exemption from Registration) (Amendment) Order 2022
Exemption from registration for sales tax is permitted for those whose operations are specified in Schedule A under the Sales Tax (Persons Exempted from Payment of Tax) Order 2018. In the exercise of the powers conferred by subsection 20(1) of the Sales Tax Act 2018 [Act 806], the Minister, on September 1, 2022, gazetted the […]
Accounting Firms: Please Don’t Forget to Submit Data and Compliance Report (DCR)
Reporting institutions (RIs) are required to provide DCRs consistently to Bank Negara Malaysia (BNM). Questions concerning how RIs have complied with AML/CFT (Anti-Money Laundering, Countering Financing of Terrorism) rules and the potential exposure to ML/TF (Money Laundering, Financing of Terrorism) threats that RIs may have been incorporated into the Data and Compliance Report (DCR). See more: Anti-Money Laundering, […]
