Podcast
Questions and Answers
When was Sales and Service Tax (SST) officially re-introduced in Malaysia?
When was Sales and Service Tax (SST) officially re-introduced in Malaysia?
- 1 September 2018 (correct)
- 1 August 2018
- 1 January 2019
- 1 July 2017
What does SST stand for in the context of Malaysian tax rules?
What does SST stand for in the context of Malaysian tax rules?
- Statewide Service Tax
- Service and Sales Transactions
- Sales and Service Tax (correct)
- State Sales Tax
What is one main difference between SST and the former GST system in Malaysia?
What is one main difference between SST and the former GST system in Malaysia?
- SST imposes higher tax rates than GST
- SST applies only to services, while GST applied to both goods and services
- More goods/products are exempted from SST compared to GST (correct)
- SST is collected at the consumer level, while GST was collected at the manufacturer level
Who provides an overview of how SST works in Malaysia?
Who provides an overview of how SST works in Malaysia?
What can growing businesses do to navigate multi-country taxes, according to the text?
What can growing businesses do to navigate multi-country taxes, according to the text?
Flashcards
What is SST?
What is SST?
A tax system in Malaysia introduced in 2018 that replaced the Goods and Services Tax (GST).
What is a key characteristic of SST?
What is a key characteristic of SST?
It's a tax that's applied to the sale of specific goods and services within Malaysia, not everything.
When was SST re-implemented?
When was SST re-implemented?
The date SST became effective in Malaysia.
Who is Cheong Woon Chee?
Who is Cheong Woon Chee?
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What's one key strategy for multi-country business?
What's one key strategy for multi-country business?
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