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Sales Tax, C - pr cost
I - insurance
F - freight charge - Coggle Diagram
Sales Tax
Tax admin
Registration period
- not later than last day of mth following end of mth where total t/o >RM500,000
Effective date of registration
- 1st day of following mth of registration
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Submission of return
- last day of the mth following the end of each taxable period
Penalty
- 1st 30 days, 10%
- next 30 days, addn 15%
- next 30 days, addn 15%
- after 90 days, prosecution
Sales value
Manufacturer
SV = trans value
- non-connected purchaser = trans value
- connected purchaser
- trans value of identical goods
- trans value for similar goods
Sub-contractor
SV = charge for work performed, approved by DG
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Registration
Mandatory
Earlier of
- historical method
- total t/o of tht mth + 11 immediate preceding mths >RM500,000
- future method
- total t/o of tht mth +11 immediate succeeding mths >RM500,000
Voluntary
- below threshold
- exempted from registration (manufacturers of raw mat, components, packaging, manufacturing aids directly used in manufacturing)
not available for non-taxable goods
Single taxable person
Conditions
- manufacture taxable goods
- deliberately separated, carry out by 2 / more diff persons
- aggregate sales of all the persons involved
Tax implication
- DG name all the involved person taxed as single taxable person
- name nominated by constituent members, within 14 days after last person being served
- each constituent member jointly & severally liable
Scope of charge
- taxable goods manufactured
- sold / used / disposed in Msia (principal custom area)
- registered manufacturer
Exclude SA + DA
- SA
- free trade zone
- licensed manufacture warehouse
- joint development area
- DA
- Labuan
- Langkawi
- Tioman
- Pangkor
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