Taman Sri Nibong RA Log

December 21, 2014

GST in Malaysia

Filed under: from the editor — mollyosc @ 3:35 am

Malaysia GST start on April 1, 2015

GSTSlider1

Malaysia Goods and Services Tax (GST) is a multi-stage tax on domestic consumption. GST will be applicable for all taxable supplies of goods and services in Malaysia except those specifically exempted. GST will also be charged on import of goods and services into Malaysia.

GST is applicable to the entire supply chain in the economy including manufacturing, distribution and retail industries. Almost all supplies in the manufacturing sector will be subjected to GST, including sale of finished goods,stocks, capital assets and services rendered to other establishments

Payment of tax will be made in stages by the intermediaries in the production and distribution process. Although the tax will be paid throughout the production and distribution chain, only the “value added” to the product or service at each stage is taxed, thus avoiding double taxation.

For more information on GST, please visit this link below

 http://malaysia-gst.my/#

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