INTRODUCTION

The Sales Tax Act 2018 governs the collection and management of sales tax on taxable goods in Malaysia, impacting manufacturers, importers, and businesses dealing with exempted or exported goods. This training aims to provide a practical understanding of the Sales Tax framework, focusing on the responsibilities of registered persons, exemptions available, and compliance requirements. By mastering these elements, participants can ensure efficient tax management and avoid penalties associated with non-compliance.

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METHODOLOGY

The training will be delivered using methods suitable for learners as follows:

  1. Lecture
  2. Study Case
  3. Simulations
  4. Group Discussions
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TARGETED PARTICIPANTS

  1. Business Owners and Directors – Especially in manufacturing, import/export, or affected industries, to understand their tax obligations and exemptions.
  2. Finance and Accounting Teams – Responsible for tax filing, reporting, and staying updated on sales tax rules.
  3. Tax Professionals and Consultants – To learn the latest updates and exemptions under the Sales Tax Act for advising clients.
  4. Inventory and Supply Chain Managers – For businesses dealing with exempted goods and ensuring sales tax compliance.
  5. Exporters and Manufacturers – To understand tax-saving schemes and how sales tax impacts exports and waste disposal.
  6. HR and Compliance Managers – To ensure compliance with record-keeping and filing requirements.

PROGRAM ITINERARY

PHASE 1

Sales Tax 2018 : Scope & Concept

A revision with latest updates –

Responsibilities of Registered Person

Exemption Facilities

  • Types of Facilities
PHASE 2

Sales Tax (Person Exempted from Payment of Tax) Order 2018

Application for exemptions

Approval Conditions

Approval Cancellation & Deletion

PHASE 3

Managing Sales Tax Exemption

Validity of Exemption Certificates

Managing exempted goods inventory control

Breach of Approval Conditions

Recovery Sales Tax by JKDM

Exemption Reporting

Other exemptions/Tax Saving Facilities

Sales Tax Deduction (STD)

Approved Major Exporter Scheme (AMES)

Drawback, Refund, Bad Debts, Remission

PHASE 4

Managing Scrap/Waste Disposal

Possible causes for disposal

Types of Disposals

Accounting for Sales Tax

Invoice, Credit Note / Debit Note

SST-02 Return & Payment

Late payment penalty

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