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sneak peek into what is in SST 2.0
 

IMPORTANT :
Royal Malaysian Customs Department is in Action for SST 2.0 !


Despite Parliament sitting has started, yet the SST Bill has not been published. This causes anxiety and uncertainty among Businesses and clueless as to how it is going to be implemented among Professional Consultants.


With press release by Director-General of Customs Malaysia today, RMCD has started the ball rolling to kick start the ERA of NEW SST 2.0 which will begin on 1st September 2018 (ie. with just 43 days left to its implementation day).


 
 

The following are sneak peek INFORMATION provided by CUSTOMS:


It reveals the mechanism of the NEW SST 2.0 of what Industries are affected, exemption and overview of the NEW SST 2.0 model :

  1. Today's press release by Director General of Customs (click here to view on youtube);
  2. Sales Tax Model (29 pages) and Services Tax Model (25 pages)
  3. FAQ on Sales Tax (English 6 pages) (BM 7 pages) and FAQ on Service Tax (English 7 pages) (BM 8 pages)
  4. Exemption from Sales Tax (292 pages)

Source: http://gst.customs.gov.my/en/hl/_layouts/CustomApplication/Announcements.aspx


 
 

According to Dato Subro, SST 2.0 will be Simpler, Why?

  1. Filling of Submission and Payment is now DIGITAL, unlike manual last time.
  2. Any Exemption can be applied online.
  3. Only covers the Manufacturer and Service Providers (instead of the whole supply chain like GST).
  4. Low filing Cost & No Compliance Cost.


sneak peek
 

Here's what you can do now to start Understand SST
and know whether your Business is affected ?


To help businesses prepare for the NEW SST 2.0 that is starting on 1st of September, Customs Malaysia will start a SST hand holding programme, that will commence nationwide next week to help businesses with the transition to SST 2.0. Also have a quick read up on the materials provided in Custom's website to have a good overview of the NEW SST 2.0 model.


Do sign up for our highly sought SST 2018 seminar, where Dr Choong will provide an in depth understanding and Critical Solutions to ease your burdens and concerns.