Service tax (ST) was implemented on 1st September 2018 and importers, exporters, traders and service providers need to possess the necessary knowledge to understand the fundamental ST principles . Thereafter, It is important for businesses to apply the correct ST treatment in order to submit the correct returns and pay the exact amount of tax.
Lately, even for businesses who are NOT registered with SST, you may also need to comply with the rules and regulations, e.g. businesses with imported services from overseas need to make declaration by using SST-02A form. In January 2020, there are 6 new service tax policies which widen the current scope of taxable service and also add in more new prescribe services, e.g. electronic medium and digital services.
Furthermore, customs will carry out ST audit in near future to ensure good compliance by the ST registrants.
Brochure
— Course Fee: RM 1,080.00 (Inclusive of 8% Service Tax) —
- Module 1.1: Service Tax (ST) Legislation
- Introduction to SST legislation 2018
- Scope of Service Tax
- Taxable person’s threshold
- List of prescribed taxable services
- Module 1.2: Changes in Service Tax Act, Finance Act (Budget), Service Tax Regulations, Service Tax Orders
- Changes in year 2018
- Changes in year 2019
- Changes in year 2020
- Digital service tax for foreign service provider effective on 1 January 2020
- Module 1.3: Service tax policy (2019 and 2020)
- Widen on existing service tax scope
- New additional taxable services
- Industries which will need to be registered by 1 March 2020
- Module 1.4: Group Relief
- Imported services
- Group exemptions
- Module 1.5: Common mistakes and other matters
- Payment basis
- Claiming for bad debts
- Claiming of ST exemptions
- Customs ruling to confirm the scope of service
- Appeal process
- Highlight on specific industries guides
- Q & A