announcement: implementation of goods & services tax · pdf filelot 26209, jalan tj 2/2,...

1
Lot 26209, Jalan TJ 2/2, Tuanku Jaafar Industrial Park, 71450 Seremban, Negeri Sembilan, Malaysia. URL: www.exis-tech.com Tel: +60-(6)-679 4720 Fax: +60-(6)-679 7384 To: All Valued Customers Date: 25 March 2015 Announcement: Implementation of Goods & Services Tax (GST) Dear Valued Customer, On the 25 th of October 2013, the Malaysian Government announced the implementation of a Goods & Services Tax (GST) during the tabling of the 2014 Budget. This GST has been set at 6% and will effectively replace the current Sales & Service Tax starting from April 1 st , 2015. The GST is mandatory for businesses which have an annual turnover exceeding RM500,000 and EXIS TECH Sdn. Bhd. has been registered with the Royal Malaysian Customs Department as it fulfils this criteria. Our GST registration number is 001744044032. In compliance with the GST Act 2014, EXIS TECH Sdn. Bhd. will be charging GST at the specified rate of 6% on all applicable goods and services provided to our customers. This covers physical products (machines, modules, spare parts, etc.) which are shipped to a local Malaysian address or services provided at a location within Malaysia. Please note that all export paperwork must state EXIS TECH Sdn. Bhd. as the exporter for the shipment to be zero-rated. If we are required to drop-ship to your company’s local customers or if the products are delivered to a local freight forwarder (and subsequently exported under any other company name), the shipment will be standard-rated. We will also be providing GST-compliant tax invoices to enable our customers to claim GST input tax credits, where entitled. For more information on GST, please visit the Royal Malaysian Customs Department website at gst.customs.gov.my. Thank you. Issued on behalf of The Management of EXIS TECH Sdn. Bhd.

Upload: phungdien

Post on 18-Mar-2018

229 views

Category:

Documents


5 download

TRANSCRIPT

Lot 26209, Jalan TJ 2/2, Tuanku Jaafar Industrial Park,

71450 Seremban, Negeri Sembilan, Malaysia. URL: www.exis-tech.com Tel: +60-(6)-679 4720 Fax: +60-(6)-679 7384

To:

All Valued Customers

Date: 25 March 2015

Announcement: Implementation of Goods & Services Tax (GST)

Dear Valued Customer,

On the 25th of October 2013, the Malaysian Government announced the implementation of

a Goods & Services Tax (GST) during the tabling of the 2014 Budget. This GST has been set at

6% and will effectively replace the current Sales & Service Tax starting from April 1st, 2015.

The GST is mandatory for businesses which have an annual turnover exceeding RM500,000

and EXIS TECH Sdn. Bhd. has been registered with the Royal Malaysian Customs Department

as it fulfils this criteria. Our GST registration number is 001744044032.

In compliance with the GST Act 2014, EXIS TECH Sdn. Bhd. will be charging GST at the

specified rate of 6% on all applicable goods and services provided to our customers. This

covers physical products (machines, modules, spare parts, etc.) which are shipped to a local

Malaysian address or services provided at a location within Malaysia. Please note that all

export paperwork must state EXIS TECH Sdn. Bhd. as the exporter for the shipment to be

zero-rated. If we are required to drop-ship to your company’s local customers or if the

products are delivered to a local freight forwarder (and subsequently exported under any

other company name), the shipment will be standard-rated.

We will also be providing GST-compliant tax invoices to enable our customers to claim GST

input tax credits, where entitled.

For more information on GST, please visit the Royal Malaysian Customs Department website

at gst.customs.gov.my.

Thank you.

Issued on behalf of

The Management of EXIS TECH Sdn. Bhd.