SST advisory and compliance
Navigate complex indirect tax obligations and mitigate exposure
Indirect tax is a form of tax imposed on goods and services rather than on income or profits. It is collected by a business or service provider at the point of sale, but the burden of the tax ultimately falls on the consumer, who pays it as part of the purchase price. While the business acts as the collecting agent, the consumer bears the cost through higher prices for goods and services.
Malaysia’s Indirect Tax Reforms
On 1 September 2018, the Ministry of Finance reintroduced the Sales and Service Tax (SST), replacing the Goods and Services Tax (GST). The SST framework consists of two separate components: Sales Tax, which is levied on manufacturers and importers of taxable goods, and Service Tax, which applies to certain prescribed services. The scope of SST has since expanded to include luxury goods and a wider range of service sectors, creating new compliance and operational challenges for businesses across various industries.
At ECOVIS Malaysia, our experienced tax professionals are well-positioned to support your business with strategic SST planning and compliance. We aim to help you navigate the complexities of the SST regime efficiently while aligning your tax approach with business objectives.
Our SST advisory and compliance services include:
- SST registration and support
- Review and filing of SST returns
- Advisory on accounting system readiness and SST integration
- Pre- and post-SST implementation review and guidance
- Ongoing SST compliance advisory
- Voluntary disclosure support and appeal for remission of penalty