Sales Tax

What is the scope of sales tax?

• Only on imported goods

• Only on manufactured goods

• On both manufactured and imported goods

• On goods sold within Malaysia

What is the rate of sales tax for goods listed in the First Schedule of the Sales (Rates of Tax) Order 2018?

• 15%

• 5%

• 20%

• 10%

When is a registered manufacturer required to apply for sales tax registration?

• When the annual sales of manufactured taxable goods exceed RM 500,000

• When the annual sales of manufactured taxable goods exceed RM 10,000

• When the annual sales of manufactured taxable goods exceed RM 1,000,000

• When the annual sales of manufactured taxable goods exceed RM 100,000

What is the definition of 'Malaysia' for sales tax purposes?

• Excludes Labuan, Langkawi, Tioman, and Pangkor

• Includes Labuan, Langkawi, Tioman, and Pangkor

• Excludes only Labuan and Tioman

• Includes only Langkawi and Pangkor

When does a 'sale' occur for sales tax purposes?

• When the goods are on hire for rent

• When the goods are disposed of otherwise than by way of sale

• Only when goods are sold on hire purchase

• Upon the passing of ownership or risk of the taxable goods

What is the sale value of taxable goods when they are taken for own use by the registered manufacturer?

• The computed value

• The buyer's selling price

• The market price if sold to a non-connected person

• The cost of raw materials

What is the responsibility of a registered person for sales tax purposes?

• To submit the sales tax returns and make payments to the DG

• To issue invoices in any language

• To keep records for 5 years

• To charge sales tax only on non-connected persons

When can a registered manufacturer apply to be de-registered for sales tax?

• When the total value of taxable goods sold for the preceding twelve months is expected to exceed the threshold limit

• When the annual sales of manufactured taxable goods exceed RM 100,000

• When the annual sales of manufactured taxable goods exceed RM 1,000,000

• When the total value of taxable goods sold for the preceding twelve months is not expected to exceed the threshold limit

What is the definition of 'Connected Persons' for sales tax purposes?

• Persons who are from the same country

• Persons who are neighbors

• Persons who are officers or directors of one another's business

• Persons who are from the same city

When is a credit note issued for sales tax purposes?

• When the sales tax rate is changed

• When the sales tax is overpaid

• When the value of taxable goods sold is reduced

• When the value of taxable goods sold is increased