KUALA LUMPUR, Aug 22 (Benama) — The Sales and Services Tax (SST) can be implemented as appointed on Sept 1, 2018, as the conversion from the Goods and Services Tax (GST) administration will not be time consuming.
Head, Sage Asia Startups and Small Businesses, Kamlesh Mahtani, said although its alone nine canicule to the dateline, businesses do not charge to apparatus a new custom arrangement for the about-face to SST.
“The arrangement is already in abode and the tax percentage imposed is clear. Although the SST takes force on Sept 1, companies still accept until the end of September to annals with the Customs Department,” he told Bernama.
When asked if the GST was a added absolute tax and added able in annoyance tax leakages,, Mahtani agreed that it was added structured, but added penalties await those who attack to balk the SST.
“There are college penalties for tax artifice by way of filing apocryphal claims and the government will not alternate to act against companies which attack to do so,” he said.
According to the Sales Tax Bill 2018, any being who evaded the tax or assisted in counterfeit tax artifice can be fined amid 10 times and 20 times the bulk of sales tax abhorred or imprisoned for up to bristles years, or both…..
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