WorksheetsSales Tax 2018
Total questions: 30
Worksheet time: 1hrs 28mins
Name
Class
Date
1.
What is the primary legislation governing sales tax in Malaysia?
a)
Income Tax Act 1967
b)
Sales Tax Act 2018
c)
Goods and Services Tax Act 2014
d)
Customs Act 1967
2.
Sales tax in Malaysia is applied to:
a)
Imported goods only
b)
Locally manufactured and imported goods
c)
All goods and services
d)
Only services
3.
What is the standard sales tax rate in Malaysia?
a)
5%
b)
6%
c)
10%
d)
15%
4.
Sales tax is a:
a)
Direct tax
b)
Value-added tax
c)
Single-stage tax
d)
Multi-stage tax
5.
Who is responsible for charging and collecting sales tax?
a)
Consumers
b)
Manufacturers
c)
Retailers
d)
Distributors
6.
The mandatory registration threshold for sales tax is:
a)
RM100,000
b)
RM250,000
c)
RM500,000
d)
RM1,000,000
7.
When did the Sales Tax Act 2018 come into effect?
a)
1 April 2015
b)
1 September 2018
c)
1 January 2020
d)
1 July 2018
8.
How often must registered manufacturers file sales tax returns?
a)
Monthly
b)
Quarterly
c)
Annually
d)
Bi-monthly
9.
What is the penalty for late submission of sales tax returns?
a)
RM200 per day
b)
10% of unpaid tax per month
c)
Fixed RM1,000 fine
d)
No penalty
10.
If a business's annual revenue falls below the registration threshold, they could:
a)
Continue charging sales tax
b)
Deregister from sales tax
c)
Pay a penalty for low revenue
d)
Increase their product prices
11.
Which of the following goods are exempted from sales tax?
a)
Motor vehicles
b)
Rice and sugar
c)
Luxury handbags
d)
Electronic gadgets
12.
Imported goods are subject to:
a)
Customs duties only
b)
Sales tax only
c)
Both customs duties and sales tax
d)
Neither customs duties nor sales tax
13.
Sales tax applies to:
a)
Both goods and services
b)
Goods only
c)
Services only
d)
Business profits
14.
Which of the following businesses are not required to register for sales tax?
a)
A bakery selling fresh bread
b)
A car manufacturer
c)
An electronics importer
d)
A furniture manufacturer
15.
When a business exports goods from Malaysia, it:
a)
Must charge sales tax
b)
Is exempt from sales tax
c)
Can choose to apply sales tax
d)
Must pay double sales tax
16.
A local retailer sells goods to final consumers. Should they charge sales tax?
a)
Yes, because all sales are taxed
b)
No, because sales tax is applied at the manufacturing level
c)
Yes, but only if annual sales exceed RM500,000
d)
No, because retailers are exempt
17.
A manufacturer sells goods to another registered manufacturer. How does sales tax apply?
a)
The first manufacturer charges sales tax
b)
The second manufacturer charges sales tax
c)
No sales tax is applied
d)
Both manufacturers must charge sales tax
18.
A business in Malaysia imports mobile phones from China for resale. Who pays sales tax?
a)
The importer
b)
The consumer
c)
The wholesaler
d)
The original manufacturer in China
19.
A Malaysian company exports 80% of its goods overseas. How is sales tax applied?
a)
No sales tax is applied on exports
b)
Sales tax is applied at the local rate
c)
The company must pay a 5% reduced sales tax
d)
The company must pay a fixed export tax
20.
A business that has deregistered from sales tax continues to charge it. This is:
a)
Legal if they inform customers
b)
Illegal and subject to penalties
c)
Allowed for one more financial year
d)
A requirement by the government
21.
Which of the following is a penalty for failing to register for sales tax?
a)
RM200 per day fine
b)
Up to 10% of unpaid tax per month
c)
Both fines and imprisonment
d)
No penalty, only a warning
22.
If a registered manufacturer under-declares sales tax, they may face:
a)
A warning letter only
b)
A penalty up to three times the underpaid tax
c)
A refund for overcharging customers
d)
A requirement to re-register
23.
The penalty for charging incorrect sales tax rates is:
a)
A warning
b)
10% additional tax per invoice
c)
Full repayment plus interest
d)
No penalty if corrected within 30 days
24.
What happens if a business fails to keep proper sales tax records?
a)
Immediate business closure
b)
Fine and possible imprisonment
c)
No penalty unless audited
d)
Only a verbal warning
25.
A company deliberately avoids paying sales tax. This is considered:
a)
Tax planning
b)
Tax evasion
c)
Tax minimization
d)
A tax holiday
26.
Sales tax in Malaysia is administered by:
a)
Inland Revenue Board (LHDN)
b)
Royal Malaysian Customs Department (RMCD)
c)
Ministry of Finance
d)
Bank Negara Malaysia
27.
A registered manufacturer must issue an invoice that includes:
a)
The amount of sales tax charged
b)
The total amount only
c)
The discount given to customers
d)
The income tax amount
28.
What is the primary purpose of sales tax?
a)
To increase government revenue
b)
To replace personal income tax
c)
To increase local business profits
d)
To encourage imports
29.
Under the Sales Tax Act 2018, failure to register when required can result in:
a)
Only a warning letter
b)
A fine and potential legal action
c)
Deregistration from the business registry
d)
An automatic tax exemption
30.
A clothing company imports fabric from Thailand to produce local garments. What taxes apply at the import stage?
a)
Sales tax only
b)
Customs duty and sales tax
c)
No tax since it's a raw material
d)
Income tax and sales tax
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