E-Invoicing FAQ: Managing Credit Notes in Consolidated E-invoices for B2C Transactions
Question: For B2C, whereby the buyer does not need the e-invoice, the supplier just issues a receipt and prepares a consolidated e-invoice at month’s end. What happens if the supplier issues a receipt of RM100 and then issues a credit note of RM 10 to the buyer? So, how does the supplier issue the consolidated […]
Sales Tax (Compounding of Offences)(Amendment) Regulations 2024
The Sales Tax (Compounding of Offences) (Amendment) Regulations 2024, gazetted in the Federal Government Gazette on 5 January 2024, represent a significant update to the existing tax regulatory framework within the jurisdiction. The primary purpose of the Sales Tax (Compounding of Offences) (Amendment) Regulations 2024 is to update and refine the existing legal framework governing […]
Sales Tax (Amendment) (No. 2) Regulations 2023
The Sales Tax (Amendment) (No. 2) Regulations 2023 represent a significant update to the existing tax framework as stipulated in the Sales Tax Regulations 2018. Gazetted on 29 December 2023 by the Federal Government Gazette, these regulations introduce a series of changes that are set to take effect on 1 January 2024. The amendments encompass […]
Service Tax (Digital Service)(Amendment) Regulations 2023
The Service Tax (Digital Service) (Amendment) Regulations 2023, which were officially gazetted on 29 December 2023, are set to come into force on January 1, 2024. These amendments modify the existing Service Tax (Digital Service) Regulations 2019, introducing changes that affect the form and manner in which submissions must be made. Additionally, the amendments involve […]
Service Tax (Amendment)(No. 2) Regulations 2023
The Service Tax (Amendment) (No. 2) Regulations 2023, which were officially gazetted on 29 December 2023, introduce a series of amendments to the existing Service Tax Act of 2018. These amendments are comprehensive and encompass a range of procedural aspects including, but not limited to, the submission of tax returns, the rectification of reporting inaccuracies, […]
Service Tax (Customs Ruling)(Amendment) Regulations 2023
The Federal Government Gazette has recently published the Service Tax (Customs Ruling) (Amendment) Regulations 2023, which outlines significant modifications to the existing customs ruling framework. These Regulations come into operation on 1 January 2024. The key changes made to the application procedures in the Service Tax (Customs Ruling) Regulations include the following: The amendment of […]
Sales Tax (Persons Exempted From Payment Of Tax) (Amendment) (No. 3) Order 2023
The is a government gazette announcing amendments to the Sales Tax (Persons Exempted from Payment of Tax) Order 2023. The amendments involve changes to Schedules B and C, specifying conditions and criteria for exemption from paying sales tax, the types of goods exempted, and the Director General’s approval process. This Order comes into operation on […]
Milestone moment! CCS establishes a strategic partnership with Tokyo Consulting Firm
Exciting Partnership Unveiled! 🌐✨ Today marks a milestone moment as CCS CEO Jared Low officially signed a bilateral cooperation agreement with the esteemed Director of Tokyo Consulting Firm, Ryo Fukuda (https://www.tokyoconsultingfirm.com/). This collaboration opens up new avenues for businesses seeking Japanese investments. If your company envisions partnering with Japanese investors, look no further! Connect with […]
