Declaration and Payment of Sales and Service Tax (SST)
Rising Global Consultants
Businesses must submit a Sales and Service Tax Declaration Form (SST-01) every two months. This form must be submitted by the last day of the month following the end of the tax period. The declaration form must be submitted regardless of whether tax payment is required.
Periodic reporting
- Sales Tax: Registered sales tax businesses need to submit a sales tax declaration form to the Inland Revenue Board (IRB) of Malaysia either monthly or quarterly, reporting the taxable amount of sales tax
- Service Tax: Registered service tax businesses generally need to submit a service tax declaration form every two months or quarterly, reporting the taxable amount of service tax
Complete the declaration form
- Sales Tax: When completing the sales tax declaration form, you need to detail the taxable amount of goods sold and the amount of sales tax
- Service Tax: When completing the service tax declaration form, you need to list the taxable amount of services provided and the service tax amount
Pay the tax due
The tax amount calculated from the declaration form should be paid to the IRB within the specified deadline. Payment can be made through bank transfer, online payment, and other methods.
Keep records
Businesses need to keep all relevant tax records and documents for IRB audits or inspections. This includes sales invoices, service contracts, and tax payment receipts.
Meet deadlines
Ensure timely submission of declarations and payment of taxes to avoid fines or interest due to late filing or payment.
Welcome to Contact Us
Phone Number: +60 3-8682 1802 | E-mail: officer@rising.com.my