Managing your indirect taxes in a changing regulatory environment
Indirect tax
Getting indirect taxes right is a business advantage
The indirect tax landscape in Malaysia is rapidly evolving—and the risk is growing—since the sales and service tax (SST) was reintroduced to replace the goods and services tax (GST).
Service tax is levied on prescribed taxable services, while many goods are exempt from sales tax. Businesses need to correctly classify goods or services to determine if SST is applicable. Classification errors may lead to the short payment of tax. In some cases, businesses may fail to register with the Royal Malaysian Customs Department, and may need to pay back taxes and penalties.
Both sales tax and service tax are final taxes with no credit mechanism. While there may be exemptions, SST is predominantly a business cost.
How we can help
We have the expertise, tools and a multi-disciplinary approach to deliver the solutions you need to comply with SST. From determining if SST applies to your products, becoming more SST efficient, or achieving overall compliance, you can rely on our team of experienced tax consultants to help you manage and control your sales tax and service tax risks.
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