Dear Valued Customers,
The Government of Malaysia announced the implementation of the Goods & Services Tax (GST) during the tabling of the Budget 2014 on 25 October 2013. The GST, which will replace the existing Sales Tax and Service Tax, will be implemented effective 1st April 2015, at a rate of 6%.
GST will be levied and charged on taxable supplies made by businesses which are registered for GST in Malaysia and GST registration will be mandatory for businesses with an annual turnover exceeding RM500,000.
As the Securities Industry Development Corporation (SIDC) is registered for GST (Registration Number 001220026368), we wish to inform you that we will be charging GST on applicable goods and services supplied to you. We will also be enhancing our tax invoices issued to you in order to be fully compliant and enable you to claim GST input tax credits, where entitled.
For more details on what SIDC has implemented to be GST-compliant and how it will impact our business with you, please refer to our FAQ available for download on this page.
For more GST-related information, legislation and guidelines, please refer to the official website of the Royal Malaysian Customs Department (RMCD) at http://gst.customs.gov.my/
If you have further queries please contact our Finance Department at +603-6204 8245/8739 or email firstname.lastname@example.org