What is the Service Tax Special requirements❓
If you run a service-based business in Malaysia, Service Tax there are specific rules that catch many owners off guard. Watch the video to learn more!
SST Compliance: The SST Elements for Your Updated Invoice Format
Lots of business owners have recently gotten reminders from tax authorities: “Invoice format doesn’t meet SST requirements—please revise!” Don’t panic—you just need to add these key SST-specific elements to your invoices to stay compliant. Let’s break down exactly what needs to be included, so you can update your templates today👇
SST Declaration SST02 Form
If you’re a business owner in Malaysia, filing your Sales and Service Tax (SST) means tackling the SST02 form.
What is the SST02 Form?
The SST02 form is the official document used to declare your SST liabilities to the Royal Malaysian Customs Department.
SST Breakdown: Sales Tax vs. Service Tax – What You Need to Know for Invoices & Payments
If you’re a business owner dealing with Malaysia’s Sales and Service Tax (SST), you’ve probably wondered: Do I need to separate Sales Tax and Service Tax? How do they affect invoices and payments? Let’s break it down simply to avoid miscalculations and keep your records compliant.
1. First, Understand: SST Has Two Parts – They’re Not the Same!
SST isn’t a single tax—it’s a combination of two distinct taxes with different rules:
Sales Tax: Applies to physical goods (e.g., clothing, electronics, building materials). The standard rate is 10% (some goods qualify for 5% or are exempt).
Service Tax: Applies to services (e.g., restaurant meals, repairs, consulting, beauty services). The standard rate is 6% (some services are exempt).
✅ Key Point: Charge Sales Tax on goods, Service Tax on services. Never mix them!
Step Before Starting SST
If your business is gearing up to register for Malaysia’s Sales and Service Tax (SST), don’t wait until the last minute to prepare! Let’s dive in👇
✅ First, Confirm if You Need to Register for SST
Want to learn more about SST❓
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