Indirect taxes affect businesses in many ways: compliance, pricing, cash flows and profitability, to name a few.
Thus, it is crucial for businesses to manage their exposure to indirect taxes and prevent unnecessary costs. Mistakes can be costly. Clients turn to our Indirect Tax professionals to help them manage and mitigate their indirect tax risks.
With limited time to prepare for the introduction of GST, businesses in Malaysia have undergone a significant and comprehensive change to be GST ready by the 1 April 2015 deadline.
Systems and process changes are now in place and GST has well and truly become an intrinsic part of running a business in Malaysia. But have you considered whether these changes have been properly implemented, and whether they are sufficient to manage your GST risk?
As with any new tax regime, we expect a lot of developments and updates. We provide tailored solutions to give you peace of mind that your business stays up to date with the GST rules, is GST-optimised and in a position to be GST compliant.
Find out more about our GST service offerings here
While the former Sales and Service Tax (SST) regimes have now been repealed, the Royal Malaysian Customs Department have indicated they may still conduct SST audits, and they retain the power to apply penalties and for non-compliance with the former tax regimes.
We work to provide peace of mind by:
For more info about our Indirect Tax services, contact: