TIGER CONSULTING ASIA
HR and Payroll Outsource Services, Employment Services, Manpower Contracting
Malaysia Sale and Service Tax: What are the changes in 2018?
September 14th, 2018
A sales and service tax authority has been proposed and approved in Malaysia and has taken effect starting September 1, 2018. The existing goods and services tax (GST) system (that was implemented in 2015) has been repealed with the enactment of the new sales and service tax. There will also be changes to the customs rules due to the new sales and service tax.
As part of the legislative process, the sales and service tax legislation, and related bills repealed the current GST and it will also include custom rule changes as well. The new sales and service tax it could be possible for services to be subject to tax at multiple stages of the supply chain, leading to a possible tax surge. service tax would not be a creditable tax, unlike with the former GST system. For Tiger-Malaysia, the service fee is subject to a 6% service tax and it will be reflected in our invoices to clients.
Tiger Consulting Asia has offices in six ASEAN countries and we are committed to making expansion and management of Asian and UAE operations easier for international businesses. Tiger Consulting's HR, Payroll, employment and business support services are managed by experienced teams on the ground in 16 locations: Australia, Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, Vietnam, UAE and USA. The company currently serves 300+ businesses spanning industries including IT, telecom, social networking, fashion, finance, pharmaceuticals, travel, recruitment, Gas & Oil and hospitality. For questions about Tiger- Consulting’s HR, Payroll, PEO and business support services in Asia and UAE, contact sales@Tiger-Consulting.net
Sincerely,
Mercy Mildener
Public Relations and Marketing Consultant
