Malaysia SST filing update

Following the reintroduction of Sales and Services Tax (SST) in Malaysia, replacing the 6% Goods and Services Tax, the Customs Department has issued further guidance on returns. This includes:

• Filings must be submitted by the last day of the month following the reporting period.
• Form SST-02 should be used.
• Returns can be submitted online, or by paper via the post.
• Payments for any SST due can be settled by bank transfer, banker’s draft or check. Cash payments will not be accepted. The payment should be received by the filing deadline.
• Failure to declare SST may result in fines of up to MYR50,000 and/or imprisonment. Failure to pay any SST due will result in a 10% fine for the first overdue 30 days. There is a further 10% due if the liability remains overdue for a further 30 days. A third potential fine of 20% will be imposed after two months if the balance remains outstanding.

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