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KUALA LUMPUR: The Department of Customs plans to automatically migrate businesses that have registered under the Goods and Services Tax (GST) with sales and service tax (SST) tomorrow and will alert them by email.
He said that the department has identified between 70,000 and 80,000 manufacturing companies that will be listed under this TSD 2.0 among 472,000 businesses registered under the 6% GST.
"During the implementation of the GST" But with the decision to reinstate OHS, only manufacturers and service providers that reach a threshold of RM500,000 a year will be taxed, "he said. journalists at a briefing on the transition from the GST to the OHS, here today
The event was organized by Salihin Consulting Group Sdn Bhd and l 39; Malaysian Association of Tax Accountants
Romaniam said that to date, the ministry has trained some 5,000 manufacturers and that it will make every effort before the beginning of the 1st tax. next September.
The federal government today tabled the Sales Tax Bill of 2018 for the first reading in the Dewan Rakyat
in the explanatory memorandum of these two drafts the Government indicated that it wished to collect, collect and collect sales and marketing taxes. ervices, and for related matters
He said that by ensuring a smooth transition from the GST to the TVS, the Department of Customs must begin its handling program even before bills are approved. .
He also said that here next week, the department lists 6,400 goods to be proposed for sales tax.
On the penalty for tax evaders, he said that he was "improved".
The punishment under the defunct sales tax 1972, he said, was a fine of not more than RM50.0 up to three years imprisonment, or both, but the primary offenders are punishable from a fine of 10 to 20 times the amount of sales tax or up to five years imprisonment or both.
do not worry, we are not the type to choke people, "he said – Bernama
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