Malaysia Hotline: +603- 2141 8908
A person has to apply for registration under the Goods and Services Tax (GST) Act 2014 if the following three criteria are met:
a) makes taxable supplies of goods and services in the course or furtherance of business;
b) carries out business in Malaysia; and
c) taxable turnover of the business within a 12-month period exceeding RM500,000.
A taxable person means any person who is registered under the GST Act 2014. Persons include an individual, sole-proprietor, partnership, company, trustee, society, trade union, club and an association. Although the GST implementation date is 1 April 2015, GST registration commenced on 1 June 2014 and businesses are encouraged to use the Taxpayer Access Point located in the Royal Malaysian Customs Department website. In the case of sole-proprietorships, registration is made in the name of the sole-proprietor. Registration for a partnership business is in the name of the firm.
It is important to register because of the following reasons:
i) A sale or supply is subject to GST only if the supplier is registered.
ii) Input tax credits can be claimed only if the person is registered. Hence, customers prefer to deal with registered businesses.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my