Tag: Sales Tax
1. What is Sales Tax?Sales Tax is an indirect tax levied on certain imported and locally manufactured goods. It is levied only once (single stage)2. When is Sales Tax levied?Locally manufactured goods –at the time goods are sold /used by himself/disposed of otherwise than by sale.(gifts etc) Imported goods – at ...
Sales tax in Malaysia is a single stage tax applicable to those importers or manufacturers.Sales tax collected by the companies from the customers are to be remitted to Customs Departments every two months.In Malaysia, almost all manufacturers are required to be licensed under ...