The replacement of Goods and Services Tax ("GST") with the Sales and Services Tax ("SST") has introduced a new tax system.

Effective from September 1, 2018, the Service Tax Act 2018 imposes a 6% service tax on taxable services. This tax is charged by the service provider and is a single-stage tax, without input or exemption mechanisms. Conversely, the new Sales Tax is set at rates of 0%, 5%, or 10%.

Low TH & Co – Your Comprehensive Solution for SST Services

Tax plays a crucial role in every business. To avoid unnecessary tax losses, it's crucial to seek professional tax advice before engaging in business transactions. However, there are instances where businesses might overlook proper tax planning, leading to potential tax evasion or fraud due to human error. Therefore, businesses are encouraged to stay informed about tax risks and strategies to address them. Low TH & Co is fully equipped to meet your requirements, offering a wide range of tax services tailored to our clients' needs.

How we can help you:

SST Registration

The re-implementation of SST mandates businesses with an annual turnover exceeding RM500,000 to register for SST. SST registration, whether for GST-registered or non-GST registered entities, is conducted online through the MySST system. Registration via MySST for GST registrants is typically auto-approved within 24 hours, although additional verification may prolong the process. Voluntary registration is an option for those exempt from mandatory registration or not meeting the minimum turnover threshold. Existing GST registrants are not required to apply for deregistration but must submit their final GST return within 120 days from the Act's repeal.

Our services:

• Sales and Service Tax (SST) Registration in Malaysia

• SST Deregistration Process in Malaysia

• How to Check SST Registration Status for A Business in Malaysia

SST Consulting Services

• Sales and Service Tax (SST) Return Submission and Payment 

SST registered manufacturers and entities are required to submit SST returns (SST-01) bi-monthly, following the taxable period. To prevent penalties, the SST return must be filed by the final day of the subsequent month following the taxable period's end. This submission can be conducted electronically or through postal mail to the SST Processing Centre.

• Sales and Service Tax (SST) Penalties and Offences in Malaysia 

The Sales Tax Bill 2018 imposes severe fines and penalties on tax offenders. Those found guilty of tax evasion or aiding in tax evasion may face fines ranging from 10 to 20 times the amount of sales tax evaded. Additionally, offenders could be sentenced to up to five years in prison or face both fines and imprisonment. Repeat offenders may face even harsher penalties, including fines of 20 to 40 times the amount of sales tax evaded, imprisonment for up to seven years, or both.

Low TH & Co's SST Tax services are specifically designed to ensure your business's tax compliance and provide expert advisory support. Our team of tax professionals, with their strong credentials and diverse skills, will guide you through tax planning, compliance, and maintaining positive relationships with tax authorities. We are committed to delivering seamless service, consistent global methodologies, and high-quality solutions to help you establish a robust tax compliance framework and sustainable tax strategies that align with your business objectives.