Sales and Service Tax (SST) Registration
Rising Global Consultants
Sales and Service Tax (SST) Registration in Malaysia
In Malaysia, the Sales and Service Tax (SST) is a tax requirement that businesses need to comply with. SST includes Sales Tax and Service Tax:
- Sales Tax: Applicable to manufacturers and wholesalers, primarily targeting the taxation of specific goods sold
- Service Tax: Applicable to businesses providing specific services, such as dining, hotels, and professional services
Registration requirements：
- Sales Tax: If your business’s annual sales exceed the specified threshold (currently RM500,000), you are required to register as a sales tax payer
- Service Tax: If your business provides services subject to service tax and has an annual turnover exceeding the specified threshold (currently RM500,000), you are also required to register as a service tax payer
Mandatory registration
According to the Sales Tax Act and Service Tax Act, manufacturers/service providers who are registered for Goods and Services Tax (GST) and meet the criteria will automatically become registered for Sales and Service Tax (SST) and must start collecting tax from September 1, 2018.
GST-registered entities that meet the criteria but were not registered for Sales and Service Tax before September 1, 2018, must register online via the MySST system within 30 days of the SST coming into effect
Voluntary registration
If you manufacture taxable goods or provide taxable services, you can register voluntarily
Overview of Sales and Service Tax (SST)
Paying taxes is one of the important obligations for businesses. To avoid unnecessary losses due to taxation, businesses should consult tax experts before engaging in commercial transactions. Without proper tax planning, transactions may lead to tax evasion or tax fraud due to human error. Therefore, we advise businesses to understand tax risks and find ways to mitigate them
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Phone Number: +60 3-8682 1802 | E-mail: officer@rising.com.my