For Companies utilising Dot Matrix printers that cannot support printing QR Codes necessary for e-invoices, How?
The guidelines do not specify a direct solution for this specific scenario for companies using dot matrix printers that cannot support printing QR codes required for e-invoices. However, moving towards e-invoicing implies shifting from traditional printing to digital formats. One solution could be to transition to digital e-invoices that include the QR code and can […]
How are e-commerce transactions accounted for, particularly those involving platforms like Grab Food and restaurants?
For transactions that occur via an e-commerce platform like Grab Food, the e-commerce platform provider (in this case, Grab Food) is responsible for the issuance of e-invoices or receipts to the purchaser (the customer) for transactions concluded on the platform, such as the sale of goods or provision of services by your restaurant. This means […]
Guidelines for Vehicle Parking Services
Introduction The Guidelines on Vehicle Parking Services, published on 29 February 2024, provide directives on the service tax treatment for parking services under the Service Tax Regulations 2018. Purpose The guidelines aim to facilitate understanding on the scope of taxability, registration requirements, applicable tax rates and other operational aspects concerning vehicle parking services under the […]
Guidelines for Brokerage and Underwriting Services
The Royal Malaysian Customs Department published the Guidelines on Brokerage and Underwriting Services on 26 February 2024. The guidelines provide an overview of the service tax treatment on brokerage and underwriting services under the Service Tax Act 2018. Key Points: The guidelines outline the service tax requirements for those providing brokerage and underwriting services. FAQs […]
Guidelines for Electric Delivery and Distribution Services
The Royal Malaysian Customs Department published the Guidelines on Electric Delivery and Distribution Services on 27 February 2024. The guidelines provide an overview of the service tax treatment on electric delivery and distribution services under the Service Tax Act 2018. Key Points: FAQs: Conclusion: The guidelines outline registered electricity service providers’ service tax obligations and […]
