Sales Tax 2018

What is the primary legislation governing sales tax in Malaysia?

• Income Tax Act 1967
• Sales Tax Act 2018
• Goods and Services Tax Act 2014
• Customs Act 1967

Sales tax in Malaysia is applied to:

• Imported goods only
• Locally manufactured and imported goods
• All goods and services
• Only services

What is the standard sales tax rate in Malaysia?

• 5%
• 6%
• 10%
• 15%

Sales tax is a:

• Direct tax
• Value-added tax
• Single-stage tax
• Multi-stage tax

Who is responsible for charging and collecting sales tax?

• Consumers
• Manufacturers
• Retailers
• Distributors

The mandatory registration threshold for sales tax is:

• RM100,000
• RM250,000
• RM500,000
• RM1,000,000

When did the Sales Tax Act 2018 come into effect?

• 1 April 2015
• 1 September 2018
• 1 January 2020
• 1 July 2018

How often must registered manufacturers file sales tax returns?

• Monthly
• Quarterly
• Annually
• Bi-monthly

What is the penalty for late submission of sales tax returns?

• RM200 per day
• 10% of unpaid tax per month
• Fixed RM1,000 fine
• No penalty

If a business's annual revenue falls below the registration threshold, they could:

• Continue charging sales tax
• Deregister from sales tax
• Pay a penalty for low revenue
• Increase their product prices