Login Id :

Logout  

 

Circulars

 

TITLE: Notification of Indirect Tax Related Matters – Week 1, January 2019

DATE: 02/01/2019

2 January 2019
Circular No. 1/2019

TO ALL ACCOUNTANTS

NOTIFICATION OF INDIRECT TAX RELATED MATTERS - WEEK 1, JANUARY 2019

1. FORM FOR DECLARATION OF ADDITIONAL PAYMENTS (RMCD)
The Royal Malaysian Customs Department (RMCD) has, on 20 December 2018, released Form PTB1 for taxpayers to declare additional payments due under the Sales Tax Act 2018 and the Service Tax Act 2018 (the Acts) in the following situations:
 
a. Additional sales tax payable, on top of what has been initially paid during the submission of the Form SST-02;
b. Other payments (apart from tax) due or any monies payable under the Acts; and
c. Any other payments payable under the Acts.
  The Form PTB 1 must be submitted together with a cheque or bank draft made payable to the Director General of Customs Malaysia to the assigned Centre as set out Appendix 1.

However, any payment made will not prevent the RMCD from taking legal action if it was found that the taxpayer circumvented the Sales Tax Act 2018 or Service Tax Act 2018.

The form can be downloaded from the RMCD’s website at the link below:
https://mysst.customs.gov.my/assets/document/SST%20Form/BORANG%20PTB%201.pdf
2. AMENDMENTS TO DG’S DECISIONS 1/2018 AND 3/2018
The RMCD has, on 26 December 2018, issued the amendments to DG’s Decisions 1/2018 and 3/2018.

DG’s Decision 1/2018 and 1/2018 govern the issuance of tax invoice on or after 1 September 2018.

DG’s Decision 3/2018 governed retention payments.

The amendments are as follows:
 
a. Tax invoices, credit notes or debit notes under the Goods and Services Tax Act 2014 can be issued on or after 1 September 2018 in respect of taxable supplies made before 1 September 2018. However, tax invoice, credit note or debit note that is issued after 29 December 2018 will still be subject to audit; and
b. A registered person can apply to the Director General (DG) for an extension of time to account for Goods and Services Tax or claim input tax after the expiry of the 120 days (that was initially given), or after 29 December 2018. The approval for extension of time will depend on the merits and grounds that are acceptable and reasonable, such as retention sums where the defect liability is given for a period beyond 29 December 2018.
  The amended DG’s decision can be downloaded from the RMCD’s website at the link below:
https://mysst.customs.gov.my/assets/document/DGs%20Decisions/Amend%20To%20DGs%20Decision%20%201%20and%20%203_2018.pdf
   
3. MOF RELEASES GUIDELINES ON SALES TAX EXEMPTION FOR PURCHASE OF LOCALLY ASSEMBLED BUSES
The Ministry of Finance (MOF) has released guidelines for the application of sales tax exemption in respect of the purchase of locally assembled buses.

The guidelines also state that purchase of the following main components by bus operators to be assembled by the manufacturer/assembler are also eligible for sales tax exemption:
 
a. Chassis-fitted engine; and
b. Air-conditioning.
  Eligible bus operators are required to submit an application to the MOF before making a purchase. Those who have made purchases (up to December 2018) can submit application for the reimbursement of sales tax paid before 28 February 2019.

This exemption is valid until 31 December 2020.

The guidelines can be downloaded from the MOF’s website at the link below:

www.treasury.gov.my/pdf/percukaian/prosidur_pengecualian/garis_panduan/Garis_Panduan_Permohonan_Pengecualian_Cukai_Jualan_Kepada_Pengusaha_Bas.pdf

Please be guided accordingly.

DR. NURMAZILAH DATO' MAHZAN
Chief Executive Officer

Description: Amend To DGs Decision 1 and 3_2018
⇓ Download
Format: PDF
Size: 89.4 KB

Description: BORANG PTB 1
⇓ Download
Format: PDF
Size: 141 KB

Description: Garis_Panduan_Permohonan_Pengecualian_Cukai_Jualan_Kepada_Pengusaha_Bas
⇓ Download
Format: PDF
Size: 79.2 KB