This post is also available in: Melayu (Malay) 简体中文 (Chinese (Simplified))

Sales and Services Tax (SST) Service in Malaysia

 

Package Fee for SST Services

Packages Available	Fee (RM) subjected to Service Tax
E-Filing of SST *	Free
SST Registration [Compulsory / Voluntary]	From RM500
SST Filings and Reviews [Bi-Monthly]	From RM800

* E-filing on behalf is provided only if you have engaged our monthly Bookkeeping Services
** Extra charge is applied for 3E Accounting to visit custom office regard follow up on SST registration status or attend custom queries.

The abolishment of Goods and Services Tax (“GST”) has brought the new version of Sales and Services Tax (“SST”) in the picture.

Under the Service Tax Act 2018 (which takes effect on Sep 1, 2018), Service Tax is a consumption tax levied on taxable services where the rate of service tax stands at 6%. It is a single-stage tax charged once by the service provider and there will be would be no input or exemption mechanisms available for service tax. The new Sales Tax, on the other hand, stands at 0%, 5%, or 10% respectively.

 

3E Accounting – Your One-stop Shop for SST Services

Tax is one of the important building blocks in a business. To avoid unnecessary losses due to tax, proper tax advice from the professionals are needed before you enter into business transactions. That said, we cannot rule out the possibilities that certain business transactions could have been undertaken without proper tax planning – that could lead to possible tax evasion or tax fraud due to human negligence. As such, businesses are advised to be always to be in the know to identify tax risks and find ways to mitigate them. 3E Accounting is ready to satisfy your needs. We provide a broad spectrum of tax services to meet the needs of our customers.

 

How we can help you:

1. SST Registration
   The re-introduction of SST has required that businesses with a minimum threshold of RM500,000 a year must register for SST. The SST registration (for both GST and non-GST registered persons) must be done online via the MySST system. SST Registration done via the MySST system has been set to be auto-approved within 24 hours for GST registrants. However, that does not rule out longer registration time if a verification process is required. Voluntary registration is available if the person is exempted from registration or the business does not meet the minimum threshold. Under the new tax regime, existing GST registrants do not need to apply for deregistration but they must submit the final GST return in the 120-day window (from the Act being repealed).Our services:
   • Sales and Service Tax (SST) Registration in Malaysia
   • SST Deregistration Process in Malaysia
   • How to Check SST Registration Status for A Business in Malaysia
2. SST Consulting Services
   • Sales and Service Tax (SST) Return Submission and Payment All SST registered manufacturers and persons must file SST returns (SST-01) on a bi-monthly basis according to the taxable period. To avoid any unneeded penalty, SST return has to be filed no later than the last day of the following month after the end of the taxable period. The submission can be done electronically or by post to SST Processing Centre.
   • Sales and Service Tax (SST) Penalties and Offences in Malaysia The Sales Tax Bill 2018 has stipulated hefty fines and stiffer penalties to tax offenders. Any individual who dodges the tax or helps someone to evade tax risks being fined between 10 times and 20 times the amount of sales tax. Tax offender who is found guilty might also find himself facing the jail term for up to five years while he can also be sentenced to both penalties. Repeat offenders will find themselves in deep water where they will face a fine of not less than 20 times and not more than 40 times the amount of sales tax or being imprisoned for seven years, or both. Long story short, 3E Accounting’s SST Tax services are designed to meet your business tax compliance and advisory needs. In 3E Accounting, our tax professionals with strong credentials and diverse skills will walk you through the challenges of tax planning, tax compliance as well as maintaining good relationships with the tax authorities via a seamless service. We believe that our consistent global methodologies and high-quality service will give you all you need to build a strong tax compliance foundation together with the sustainable tax strategies to realise your business goals.