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GST Tax Code Malaysia

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S/P UD Tax Code RMCD Tax Code Tax  Rate Description Inclusive/ Exclusive GL Acc Note
P TX-S TX 6% Input Tax 6% – To Make Taxable Supplies (standard rated) Exclusive, Inclusive Input Tax Account Goods and services purchased from GST registered suppliers and directly attributable to taxable supplies (standard rated). GST incurred at 6%.
P TX-Z TX 6% Input Tax 6% – To Make Taxable Supplies (zero rated) Exclusive, Inclusive Input Tax Account Goods and services purchased from GST registered suppliers and directly attributable to taxable supplies (zero rated). GST incurred at 6%.
P TX-I TX 6% Input Tax 6% – Imported Services. Exclusive Input Tax Account Imported services attributable to taxable supplies.
P TX-ER TX-ER 6% Input Tax 6% – to perform regulatory and enforcement functions by local authority or statutory body Exclusive, Inclusive Input Tax Account Goods and services purchased from GST registered suppliers to perform regulatory and enforcement functions. The local authority or statutory body is entitled to claim input tax if goods or services acquired is used to perform its regulatory and enforcement functions.
P TX-CG TX-CG 6% Input Tax 6% – Capital Goods Acquired To Make Taxable Supplies Exclusive, Inclusive Input Tax Account Capital goods purchased from GST registered suppliers and directly attributable to taxable supplies. GST incurred at 6%.
P TX-FRS TX-FRS 2% Input Tax 2% – Purchase under Flat Rate Scheme Exclusive, Inclusive Input Tax Account Purchase from a person who qualifies for Flat Rate Schemes where Flat Rate Addition is charged at 2%
P TX-ES TX-ES 6% Input Tax 6% – To make Non-Incidental Exempt Supplies Exclusive, Inclusive Input Tax – Not Claimable Only applicable to GST registered trader that makes both taxable and exempt supplies (or commonly known as partially exempt trader). TX-ES should be used for transactions involving the payment of input tax that is directly attributable to the making of Non-Incidental Exempt Supplies. Non-Incidental Exempt Supplies include sale and rental of residential properties. (formerly known as TX-N43)
P TX-ES-CG TX-ES 6% Input Tax 6% – Capital Goods Acquired To make Non-Incidental Exempt Supplies Exclusive, Inclusive Input Tax – Not Claimable Capital goods purchased from GST registered suppliers and directly attributable to non-incidental exempt supplies. GST incurred at 6%.
P TX-IES TX-IES 6% Input Tax 6% – To make Incidental Exempt Supplies Exclusive Input Tax Account TX-IES should be used for transactions involving the payment of input tax that is directly attributable to the making of Incidental Exempt Supplies. Example: hiring of security firm to transfer/deposit money into financial institutions (bank), sells lots of shares through a remisier and GST charged on the commission, and incurred GST on the legal agreements and other expenses related to a financial loans. (formerly known as TX-E43)
P TX-IES-CG TX-IES 6% Input Tax 6% – Capital Goods Acquired To make Incidental Exempt Supplies Exclusive Input Tax Account Capital goods purchased from GST registered suppliers and directly attributable to incidental exempt supplies. GST incurred at 6%.
P TX-RE TX-RE 6% Input Tax 6% – Residual Input Tax Exclusive, Inclusive Residual Input tax Only applicable to GST registered trader that makes both taxable and exempt supplies (or commonly known as partially exempt trader). It refers to GST incurred that is not directly attributable to the making of taxable or exempt supplies (or commonly known as residual input tax). Example: operation overhead for a development of mixed property (residential & commercial).
P TX-RE-CG TX-RE 6% Input Tax 6% – Residual Input Tax of Capital Goods Exclusive, Inclusive Residual Input tax Capital goods purchased from GST registered suppliers and not directly attributable to taxable or exempt supplies. GST incurred at 6%.
P IM IM 6% Input Tax 6% – Import of Goods Exclusive Input Tax Account Refers to all goods imported into Malaysia which are subject to GST that is directly attributable to the making of taxable supplies . GST is calculated on CIF (Cost, Insurance and Freight) + Customs Duty payable.
P IM-CG IM-CG 6% Input Tax 6% – Import of Capital Goods Exclusive Input Tax Account Import of Capital Goods with GST incurred and directly attributable to taxable supplies.
P IM-RE IM-RE 6% Input Tax 6% – Import of Goods to make both taxable and exempt supplies Exclusive Residual Input tax Only applicable to GST registered trader that makes both taxable and exempt supplies (or commonly known as partially exempt trader/mixed supplier). It refers to import of goods with GST incurred that is not directly attributable to the making of taxable or exempt supplies.
P IM-RE-CG IM-RE 6% Input Tax 6% – Import of Capital Goods to make both taxable and exempt supplies Exclusive Residual Input tax Only applicable to GST registered trader that makes both taxable and exempt supplies (or commonly known as partially exempt trader/mixed supplier). It refers to import of capital goods with GST incurred that is not directly attributable to the making of taxable or exempt supplies.
P IS-ATS IS 0% Input Tax 0% – Imports Under Special Scheme (ATS) Exclusive Nil This refers to goods imported under Approved Trader Scheme (ATS), where GST is suspended when the trader imports non-dutiable goods into Malaysia. The scheme is meant to ease the cash flow of related traders who has significant imports.
P BL BL 6% Input Tax 6% – Not Claimable Exclusive Input Tax – Non Claimable GST incurred but input tax claimed is disallowed. Examples are: Import/Hiring of passenger car; club subscription fees; medical expenses or medical/personal accident insurance premiums for the staff…
P TX-NC TX-NC 6% Input Tax 6% – GST incurred and choose not to claim the input tax Exclusive Input Tax – Not Claim (ND) GST incurred and the company choose not to claim the input tax. It will turn as a non-deductible tax expense of the company.
P NR NR 0% Input Tax 0% – Non-GST supplier Exclusive Nil Goods and services purchased from a non-GST registered supplier/trader who is not allowed to charge and collect GST.
P ZP ZP 0% Input Tax 0% – Zero Rated Exclusive Nil Goods and services purchased from a GST registered supplier where GST is charged at 0%. The list of zero-rated purchase as prescribed in GST (Zero-Rated Supply) Order 2014.
P EP EP 0% Input Tax 0% – Exempted Exclusive Nil Purchase in relation to exempt supply such as residential properties or certain financial services where GST is exempted. The list of exempt supply are prescribed in GST (Exempt Supply) Order 2014.
P OP OP 0% Input Tax 0% – Out of Scope Exclusive Nil Purchase of goods that are outside the scope of GST legislation.
P RP RP 0% Input Tax 0% – Relief Exclusive Nil Purchase of goods which given relief from charging and payment of GST. Example: Purchase of RON95 petrol, diesel and other relief supply as prescribed under GST (Relief) Order 2014.
P GP GP 0% Input Tax 0% – Disregarded Exclusive Nil Purchases that are disregarded under GST legislation. Example: purchases within GST group registration, purchases made within a Warehouse Scheme etc.
P NP NP 0% Input Tax 0% – Purchase treated as Non-supply Exclusive Nil Purchases that are treated as neither a purchase of goods nor a purchase of services and no GST incurred. The examples are prescribed in Second Schedule of GST Act 2014.
P AJP-ARBD AJP 6% Input Tax 6% – Adjustment: AR Bad Debt Relief Exclusive Input Tax Account Adjustment on input tax as a result of AR Bad Debt Relief.
P AJP-APBD AJP 6% Input Tax 6% – Adjustment: AP Bad Debt Recovery Exclusive Input Tax Account Adjustment on input tax as a result of AP Bad Debt Recovery.
P AJP-O AJP 6% Input Tax 6% – Adjustment: Others Exclusive Input Tax Account Adjustment on input tax as a result of other events.
P AJP-CG AJP 6% Input Tax 6% – Adjustment: Capital Goods Exclusive Input Tax Account Adjustment on input tax related to capital goods.
P AJP-A AJP 6% Input Tax 6% – Adjustment: Annual Exclusive Input Tax Account Adjustment on input tax as a result of annual adjustments.
S SR-S SR 6% Output Tax 6% – Standard Rated Supplies Exclusive, Inclusive Output Tax Account Supply of goods and services made in Malaysia that accounted for standard rated GST.
S SR-CG SR 6% Output Tax 6% – Disposal of business assets Exclusive Output Tax Account Disposal of capital goods which accounted for standard rated GST.
S SR-MS SR-MS 6% Output Tax 6% – Standard Rated Supplies under Margin Scheme Inclusive Output Tax Account Supplies made by an approved person under Margin Scheme. An approved person is allowed to charge GST on margin i.e. the difference between selling price and purchase price.
S SR-JS SR-JS 6% Output Tax 6% – Standard Rated Supplies under Jeweller Scheme Exclusive, Inclusive Output Tax Account Supplies made by any taxable person to approved jeweller. Any taxable person who makes any prescribed supply of goods to the approved jeweller shall charge tax and is not liable to account for tax on the prescribed supply.
S ZRL ZRL 0% Output Tax 0% – Zero Rated Supplies Exclusive Nil Local supply of goods and services that qualify for zero-rating. Examples of zero-rated supply as prescribed based on tariff code in GST (Zero-rated Supply) Order 2014
S ZDA ZDA 0% Output Tax 0% – Zero Rated Supplies to Designated Area Exclusive Nil Supply of goods from Malaysia to Designated Area. Designated area includes Pulau Langkawi, Labuan and Pulau Tioman.
S ZDA-CG ZDA 0% Output Tax 0% – Zero Rated Supplies of Capital goods to Designated Area Exclusive Nil Supply of capital goods from Malaysia to Designated Area. Designated area includes Pulau Langkawi, Labuan and Pulau Tioman.
S ZRE ZRE 0% Output Tax 0% – Zero Rated Supplies (Exports) Exclusive Nil Export of goods and services fall within the description of international services. Example includes sale of air-tickets and international freight charges.
S ZRE-CG ZRE 0% Output Tax 0% – Zero Rated Supplies Of Capital Goods (Exports) Exclusive Nil Disposal of capital goods out of Malaysia.
S DS DS 6% Output Tax 6% – Deemed Supplies Inclusive Output Tax Account A supply is deemed has taken place even though no goods/services are provided or no consideration is paid. Example: free gifts (more than RM 500), disposal of business assets without consideration.
S DS-I DS 6% Output Tax 6% – Imported Services Exclusive Output Tax Account Imported services account for standard rate GST..
S DS-ATMS DS 6% Output Tax 0% – Disregarded Supplies under ATMS Exclusive Output Tax Account Supplies received by local receipient in accordance with the Approved Toll Manufacturer Scheme which need to account for output tax.
S OS OS 0% Output Tax 0% – Out Of Scope Supplies Exclusive Nil Supplies that are outside the scope of the proposed GST model and GST is therefore not chargeable.
S OS-ER OS-ER 0% Output Tax 0% – Out of Scope Supplies for Enforcement and Regulatory functions Exclusive Nil Enforcement and regulatory functions performed by statutory bodies and local authorities.
S OS-OV OS-OV 0% Output Tax 0% – Out of Scope Supplies between overseas country with other overseas country Exclusive Nil Supply of goods made/transfer from country outside Malaysia to other country outside Malaysia
S OS-OVT OS 0% Output Tax 0% – Out Of Scope Supplies Of Oversea which are taxable in Malaysia Exclusive Nil Supplies made in oversea which would be taxable if made in Malaysia.
S OS-CG OS 0% Output Tax 0% – Out Of Scope Supplies Of Capital Goods Exclusive Nil Disposal of capital goods that are outside the scope of the proposed GST model which include disposal of capital assets made/transfer from country outside Malaysia to other country outside Malaysia and disposal of capital asset made outside Malaysia which would be taxable if made in Malaysia.
S ES ES 0% Output Tax 0% – Exempt Supplies Exclusive Nil Supplies that are exempted under GST. The lists of exempt supplies are prescribed in GST (Exempt Supply) Order 2014.
S ES-CG ES 0% Output Tax 0% – Exempt Supplies Of Capital Goods Exclusive Nil Disposal of capital goods that are exempted under GST.
S ES-GU ES 0% Output Tax 0% – Exempt Supplies Of Land For General Use Exclusive Nil Supplies of land for general use that are exempted under GST. Example: Land used for burial, playground or religious building
S IES IES 0% Output Tax 0% – Incidental Exempt Supplies Exclusive Nil Supply of financial services made by a registered person who is not in the business of making the financial services. Incidental Exempt Supplies include interest income from deposits placed with a financial institution in Malaysia, interest received from loans provided to employees also include factoring receivables, and realized foreign exchange gains. (formerly known as ES43)
S RS RS 0% Output Tax 0% – Relief Supplies Exclusive Nil Supplies that are given relief from GST. The lists of relief supplies are prescribed in GST (Relief) Order 2014
S RS-CG RS 0% Output Tax 0% – Relief Supplies Of Capital Goods Exclusive Nil Disposal of capital goods that are given relief from GST.
S GS GS 0% Output Tax 0% – Disregarded Supplies Exclusive Nil Supplies that are disregarded under GST legislation. Example: supply within GST group registration, sales made within a Warehouse Scheme etc.
S GS-CG GS 0% Output Tax 0% – Disregarded Supplies Of Capital Goods Exclusive Nil Disposal of capital goods that are disregarded under GST legislation.
S NS NS 0% Output Tax 0% – Non-supply Exclusive Nil Supplies treated as neither a supply of goods nor a supply of services and no GST chargeable. The examples are prescribed in Second Schedule of GST Act 2014.
S AJS-ARBD AJS 6% Output Tax 6% – Adjustment: AR Bad Debt Recovery Exclusive Output Tax Account Adjustment on output tax as a result of AR Bad Debt Recovery.
S AJS-APBD AJS 6% Output Tax 6% – Adjustment: AP Bad Debt Relief Exclusive Output Tax Account Adjustment on output tax as a result of AP Bad Debt Relief.
S AJS-O AJS 6% Output Tax 6% – Adjustment: Others Exclusive Output Tax Account Adjustment on output tax as a result of other events.
S AJS-CG AJS 6% Output Tax 6% – Adjustment: Capital Goods Exclusive Output Tax Account Adjustment on output tax related to capital goods
S AJS-A AJS 6% Output Tax 6% – Adjustment: Annual Exclusive Output Tax Account Adjustment on output tax as a result of annual adjustment.

LHDN offer lower compound for self declaration on income tax

Lembaga Hasil Dalam Negeri (LHDN) menawarkan pengurangan penalti pada kadar tertentu bagi pengakuan secara sukarela pembayar cukai bermula 1 Mac sehingga 15 Disember tahun ini.

LHDN dalam kenyataan hari ini berkata pengurangan itu meliputi pembayar cukai yang masih belum mengemukakan Borang Nyata Cukai Pendapatan (BNCP) atau Borang Nyata Petroleum (BNP) tahun ke belakang.

Pengurangan penalti juga diberikan kepada pembayar cukai yang mengemukakan BNCP atau BNP tetapi tidak melaporkan maklumat cukai pendapatan dengan betul, tambah kenyataan itu.

“Pelupus yang gagal melaporkan pelupusan hartanah dalam tempoh yang ditetapkan dan pembayar duti yang gagal mengemukakan surat cara untuk disetemkan dalam tempoh yang ditetapkan juga ditawarkan pengurangan penalti.”

Penawaran itu dibuat susulan pengubahsuaian Bajet 2016 yang diumumkan Perdana Menteri Datuk Seri Najib Razak pada 28 Januari lalu bagi menggalakkan pembayar cukai tampil secara sukarela melaporkan pendapatan tahun ke belakang dan juga menyelesaikan amaun tunggakan cukai mereka.

Selain itu, LHDN juga memberikan penghapusan kenaikan cukai kepada pembayar cukai yang membayar amaun tunggakan cukai pendapatan, cukai petroleum, cukai keuntungan hartanah atau cukai pegangan sebelum atau pada 15 Disember 2016.

Bagaimanapun, menurut kenyataan itu pertimbangan pengurangan penalti dan penghapusan kenaikan cukai berkenaan tertakluk kepada merit sesuatu kes dan syarat yang ditetapkan LHDN.

Garis panduan mengenai tawaran ini boleh dirujuk di Portal Rasmi LHDN www.hasil.gov.my dan pembayar cukai boleh menghubungi Meja Bantuan Pengurangan Penalti dan Penghapusan Kenaikan Cukai di talian 03-8313 8885 atau Pusat Khidmat Pelanggan LHDN di talian 1-800-88-5436. – Bernama, 10 Februari, 2016.
– See more at: http://www.themalaysianinsider.com/bahasa/article/lhdn-tawar-pengurangan-penalti-bagi-pengakuan-secara-sukarela#sthash.a2cjIu9r.dpuf

Tabung Haji declares 5pc dividend for 2015

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LTH recorded a turnover of RM4.46 billion million for the 2015 financial year, making RM577 million in net profit year-on-year. ― File pic KUALA LUMPUR, Feb 4 — Lembaga Tabung Haji (LTH) announced today a 5 per cent dividend for its 8 million depositors for the 2015 financial year, a 1.25 percentage point drop from the previous year.

Minister in the Prime Minister’s Department Datuk Seri Jamil Khir Baharom also announced a 3 per cent bonus for depositors who have yet to perform the haj.

The minister said the payout to depositors will amount to a total of RM3.2 billion. “Thank God almighty that despite the challenging and uncertainties faced in 2015, LTH’s financial performance remained robust,” he said.

According to the minister, LTH recorded a turnover of RM4.46 billion million for the 2015 financial year, making RM577 million in net profit year-on-year. “It is the highest recorded turnover and profit in LTH’s 52 years of operation,” Jamil Khir told the media briefing at the fund’s office here. The fund’s finances came into public attention after a letter from Bank Negara Malaysia warning the fund that its assets were insufficient to meet its liabilities, was leaked to the public.

Last week, LTH CEO Tan Sri Ismee Ismail denied its reserves was in the negative, indicating that BNM had calculated wrongly because the central bank did not take into account the fund’s investment portfolios such as its subsidiaries, plantation assets and properties. Ismee stated further that the fund’s cash assets alone as at December 31, 2015, stood at RM10.7 billion, a point he reiterated today.

He said LTH will continue to make sound but “cautious” investment moves for 2016, taking into consideration market uncertainties. “I think we will continue with our fixed income investment portfolios, especially in real estate,” Ismee said.

Depositors are scheduled to receive their dividend payouts on February 10. LTH chairman Datuk Seri Abdul Azeez Abdul Raheem who was speaking at the same press conference said today’s announcement proves that the pilgrimage fund’s reserves are healthy unlike what was reported.

“If you look at our performance for 50 years up to 2006 the total bonus payout was about RM5 billion. But since 2006 to 2015, the bonus payouts totalled RM18 billion. “That shows our finances are strong.

Source: http://www.themalaymailonline.com/malaysia/article/tabung-haji-declares-5pc-dividend-for-2015