Malaysia Tax Reports

Malaysia Tax Reports helps you gather and prepare information that you need to do the following:

  • Print a GST-03 report
  • Generate a GAF V2.0 file for submission to Malaysia Customs
  • Print an SST-02 report

SST is a single tier tax system, introduced from 01 September 2018 to replace the multi-tier Goods and Service Tax (GST,) which was in place in Malaysia up to May 2018.

  • Sales Tax is a single-stage tax charged and levied:
    • On taxable goods manufactured in Malaysia by a taxable person and sold by him (including used or disposed of); and
    • On taxable goods imported into Malaysia
  • Goods which are NOT listed under the Proposed Sales Tax (Goods Exempted from Sales Tax) Order are subject to Sales Tax.
  • The rate of Sales Tax is at 5%, 10% or a specific rate.
  • Sales tax is to be accounted for on an accrual basis, at the time when the goods are sold, disposed or first used.
  • A taxable person is required to be registered, issue invoices and charge sales tax on sales, maintain proper records and account for the tax by submitting bi-monthly returns to JKDM.
  • Service Tax is charged on any provision of taxable services made in the course or furtherance of any business, by a taxable person in Malaysia.
  • Service Tax is NOT charged on imported nor exported services.
  • The rate of Service Tax is 6% and a specific rate for credit/charge cards.
  • Service Tax is to be accounted for on a payment basis, at the time when payment is received, or on the day following period of twelve months when any whole or part of the payment is not received from the date of the invoice for the taxable service provided.
  • A taxable person is required to be registered, issue invoices and charge service tax on prescribed services provided, maintain proper records and account for the tax by submitting bi-monthly returns to JKDM.

For more information, please see the Customs official SST website https://mysst.customs.gov.my/, or contact your SST consultant or solution provider.

To ensure that tax reports include all required information, you must have other Sage 300 programs. More...

The following programs are required:

  • System Manager
  • Tax Services
  • Bank Services
  • General Ledger
  • Accounts Payable
  • Accounts Receivable

The following optional programs are used to detect transaction details in invoices and Credit/Debit notes to include in GAF and SST files.

  • Order Entry
  • Purchase Orders
  • Inventory Control

Depending on your purchase agreement, some features described here may not be available in your product.