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消费税 蔡兆源 14.3.2015 2015 年华文独中商业学教学培训班. 2 © 2014 Great Vision Business Advisory Services SB All Rights Reserved. 2 GST JOURNEY.

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Presentation on theme: "消费税 蔡兆源 14.3.2015 2015 年华文独中商业学教学培训班. 2 © 2014 Great Vision Business Advisory Services SB All Rights Reserved. 2 GST JOURNEY."— Presentation transcript:

1 消费税 蔡兆源 年华文独中商业学教学培训班

2 2 © 2014 Great Vision Business Advisory Services SB All Rights Reserved. 2 GST JOURNEY

3 推行日期 When ? 1 April, 2015 © 2014 Great Vision Business Advisory Services SB All Rights Reserved. 3

4 GST Laws 19 June July

5 GST Laws 30 June

6 13 Oct

7 7

8 为什么要实行? Why GST ? © 2014 Great Vision Business Advisory Services SB All Rights Reserved. 8

9 为什么消费税 为什么消费税 Why GST? Effective 有效能 Replace Sales Tax and Service Tax Self policing In-built cross checking mechanism Efficient 有效率 Less bureaucracy –no more CJ5 Transparent 透明化 GST shown on the invoice / bill Stable revenue 稳定收入 Reduce reliance on petroleum & direct tax RM3.8 billion (2015) RM9.0 billion (2016) 9

10 10 什么是消费税? What is GST ? © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

11 Scope of charge 在大马提供货品与服务 1. Goods & services supplied in Malaysia 在大马提供货品与服务 进口货品 2. Importation of goods into Malaysia 进口货品 征税范围 11

12 12在大马使用 Consumed in Malaysia Export 出口 Refund of GST Tourist refund 旅客退款

13 13 4 种供应 4 types of supplies 标准税率供应 Standard-rated --- 6% 零税率供应 Zero-rated % 豁免供应 Exempt supplies No GST 征税范围外的供应 Out-of-scope - No GST Taxable supplies © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

14 14 消费税的机制 How does GST work ? © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

15 15 Sales priceGST Sales price 6% Total sales price GST collected GST paid & claimed GST remitted to Govt Wood supplier 木板供应商 Furniture 家私制 Manufacturer 造商 (6)24 Furniture 家私批 Wholesaler 发商 (30)18 Furniture Retailer 家私零售商 1,000601,06060(48)12 Price /GST payable by consumer 1,06060 销项税 Output tax 进项税 Input tax 标准税率供应 标准税率供应 Standard rated supply © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

16 16 消费税模式 消费税模式 GST Model Goods GST on inputs = Input tax GST on outputs = Output tax Factory Charge Output tax Claim input tax Purchase of factory, plant & machinery Raw materials Office rental electricity, water, telephone 标准税率供应 Standard-rated --- 6%

17 以税务发票为准 以税务发票为准 Invoice based 17 “Accrual basis” Payment is not relevent Goods sold or not irrelevant No matching requirement Transaction based vs profit © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

18 18 消费税模式 消费税模式 GST Model Goods GST on inputs = Input tax No GST on outputs Factory No output tax Claim input tax Purchase of factory, plant & machinery Raw materials Office rental electricity, water, telephone 零税率供应 Zero-rated -- GST =0%

19 零税率供应 零税率供应 Zero- rated supplies 19 Basic food – rice, flour, sugar, salt, cooking oil Agriculture products –paddy, vegetables etc Poultry –chicken, duck, & unprocessed meat Fish, shrimps, prawns, crab, cockles, squid Livestock – cow, goat, buffaloes, goat, sheep, swine etc. Supply of water to domestic users Supply of first 300 units of electricity to domestic users © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

20 零税率供应 零税率供应 Zero- rated supplies 20 All local or imported fruits Yellow mee, kuey toew, laksa and meehun Coffee powder, tea dust and cocoa powder White bread and wholemeal bread 2,900 types of medicine Reading materials Newspapers © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

21

22 Zero-rated goods 22

23 Zero-rated goods 23

24 Zero-rated goods 24

25 Zero-rated goods 25

26 Zero-rated goods 26

27 零税率供应 零税率供应 Zero- rated supplies 27 Exported goods & services and international services International transportation and ancillary services Port and airport services Services supplied from PCA to Designated Area Telecommunication services (roaming) © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

28 28 消费税模式 消费税模式 GST Model Goods GST on inputs = Input tax No GST on outputs Factory No output tax Cannot claim input tax Purchase of factory, plant & machinery Raw materials Office rental electricity, water, telephone 豁免供应 Exempt supplies ---- No GST

29 豁免供应 豁免供应 Exempt supplies 29 Rail transportation Bus Tax/ hire car Public transportation Toll highway Land for agriculture & general use Residential property Private education Private healthcare Financial service © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

30 Out-of-scope 征税范围外的供应 Federal, state, local government Regulatory and enforcement - assessment, licence, summon RTM, rental of hall © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

31 Why ? 31 Standard rated Zero rated Exempt

32

33 Relief from GST NoPersonsGoods 11Any person entering Malaysia other than designated areas a)Wine, spirit beer or malt liquor not exceeding 1 liter in all b)Tobacco not exceeding 225 grams (equivalent to 200 cigarettes) c)Wearing apparels not exceeding 3 pieces d)Footwear not exceeding one pair

34 Relief from GST NoPersonsGoods 11Any person entering Malaysia other than designated areas e)Food preparation to a total value not exceeding RM75.00 f)Portable electrically or battery operated appliances for personal care and hygiene not exceeding 1 unit each g)All other goods (including souvenirs and gift) other than a) and b) of this column to a total value not exceeding RM400.00

35 Relief from GST NoPersonsGoods 11Any person entering Malaysia other than designated areas h)In respect of goods from Langkawi, Labuan or Tioman, all other goods (including souvenirs and gifts) other than a) and b) of this column to a total value not exceeding RM Any person entering Malaysia Used portable articles other than household Effects for private use

36 Relief from GST NoPersonsGoods 13Any personGoods from principal customs area sent to designated area for repair or reprocessing and subsequently returned to principal customs area 14Any person importing goods using air courier services All goods (≤RM500) excluding cigarette, tobacco and intoxicating liquor

37 37 你该如何准备? What do you need to prepare ? 消费者 C - 消费者 Consumer © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

38 消费税之前的状况 Scenario before GST Income group Average monthly spending (RM) Current Sales & Service Tax Tax burden ( % ) Tax amount ( RM ) Poor Low income 1, Mid income 3, High income 7, Average 2, Source : Sin Chew

39 CONSUMPTION PATTERN OF MALAYSIANS Source: Household Expenditure Survey Department of Statistics

40 COMPARISON OF TAX INCIDENCE Type of expenses RM 2,000RM 12,000 Monthly Expenditure Tax Incidence Monthly Expenditure Tax Incidence (RM) Expenses on zero- rate items , Expenses on exempted items , Expenses subject to GST , Total 2, , % tax incidence based on consumption 2.35%3.66%

41 消费税配套 消费税配套 GST package Basic food items, piped water, first 300 unit of electricity, government services, transportation services, residential property, financial services One-off cash assistance RM300 to BRIM recipients Reduction in individual tax rate : 1 -3 % YA2015 Consumers

42 短期通膨 Short term Inflation !!! % Source : MOF [1.2.1]

43 43 Basket of Goods of CPI ItemsProportionIncrease/ Decrease 53256%≤4.1%* 35438%<5.8% 586%?? % *Medicines, electrical appliances, textile products, plastic products, shoes, household furniture, baby diapers, soap, meat, chicken eggs, cooking oil, seafood, rice & vegetables

44 44 精明消费、货比三家 Spending smart, Compare price

45 45 善用购物指南 Make use of shoppers’ guide 325 essential goods Price Control & Anti-Profiteering Act

46 比较预算 Compare budget Pre-GST vs Post-GST 46 ExpensesPre-GSTPost-GSTDifference Rice Petrol Toll Water Electricity © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

47 买零税率供应 Buy zero-rated goods 47 Standard rated goods Zero rated goods

48 48 你该如何准备? What do you need to prepare ? 生意 Business - 生意 Business © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

49 49 注册 Registration for GST 标准税率供应 Standard-rated --- 6% 零税率供应 Zero-rated % Annual Turnover >RM500,000 Voluntary Registration -- to claim input tax Taxable supplies © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

50 50 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

51 51 集团注册 Group registration © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

52 52 检讨生意与企业架构 To review existing business and corporate structure © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

53 53 Penalty Fine RM50,000 Imprisonment for 3 years 不注册的罚款 Penalty on failure to register © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

54 迟注册的罚款 Penalty on late registration 迟注册的罚款 Late registration period (Days)Penalty rate 1 – 30 days1, – 60 days3, – 90 days4, – 120 days6, – 150 days7, – 180 days9, – 210 days10, days12, – 270 days13, – 300 days15, – 330 days16, – 360 days18,000 Exceeding 360 days20,000

55 犯法 Offences On conviction 1 st OffenceFine10 – 20 times the amount of tax Or / And Jail≤ 5 years 2 nd Offence and onwards Fine20 – 40 times the amount of tax Or / And Jail≤ 7 years Section 89 –Evasion of tax and fraud - Also include person who assist © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

56 56 征税期、报税、缴税 Taxable period, file & pay Annual turnover Taxable period Filing & payment deadline ≥RM5 million1 monthEnd of next Month

57 57

58 报税 报税 Filing of GST return 58 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

59 报税 报税 Filing of GST return GST Return Form : GST -03GST -03 Electronic filing is encouraged Self assessment regime Post-audit : preparation 59 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

60 Supplier’ s name, address & GST identific ation number Customer’s name & address Date of Tax invoice Total amount payable, excluding GST Total amount of GST Charged Total amount payable, inclusive of GST Quantity of goods or extent of the services supplied The word ‘Tax Invoice’ clearly indicated Rate of GST Tax invoice serial number 完整税务发票 Full Tax Invoice TAX INVOICE

61 The name, address & GST identification number of the supplier The name & address of the person to whom the goods or services are supplied Description of the goods or services The reason for its issue The words “Credit Note” clearly indicated The serial number & date of issue The number & date of the original tax invoice The quantity & amount for each supply The total amount excluding tax The rate & amount of tax CREDIT NOTE

62 保存记录 Record Keeping Records relating to registration SSM records – Form A, B, C, 8, 9 and etc. Records relating business activities Tax invoices, invoices, receipts Debit note, credit note Delivery order, purchase order Bank slip, bank statement, voucher and etc. Contract, agreement 62 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

63 保存记录 Record Keeping Records relating to accounting (hard copy) Financial statement – Profit & Loss, Balance Sheet, Trial Balance Account payable, Account receivable, General ledger, Sales, Purchase, stock, cash and etc. Records relating to taxation Customs forms – K1, K2, K9 and etc. GST – GST returns, registration and etc. GST adjustment sheet Income tax declaration 63 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

64 保存记录 Record Keeping Records relating to electronic form Accounting software manual Accounts chart, access code, program documentation Audit trail Purchase, Sales, GL Listing (e.g. standard, exempt, disregard, out of scope, deemed supply etc.) GAF File (GST Audit File) Management Information Report (MIS) report Other data, records keep in accounting / business software 64 © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

65 65 进行影响研究 Conduct impact study © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

66 善用特别便利奖励 善用特别便利奖励 Leverage on Special Scheme Incentives Approved trade scheme Approved Toll Manufacturer Scheme Warehousing Scheme Approved Jeweller Scheme © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

67 67 市场行销与促销 市场行销与促销 Marketing & Promotion © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

68 68 员工福利 员工福利 Employee Benefits © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

69 1/4/2015 GST Sales & Service Tax 过渡期条款 过渡期条款 Transitional Provisions 69 Sales tax Service tax Contract spanning GST Stock in hand © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

70 70 检讨生意合约 To review trade agreement © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

71 特别退款 Special Refund 100% vs 20% 71

72 72 提升会计与电脑系统 Upgrade of computer and accounting software POS system Accounting software e-Filing of GST return © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

73 73 提升员工训练 Provide training for staff © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

74 74 出席消费税课程 Attend GST seminar © 2014 Great Vision Business Advisory Services SB All Rights Reserved.

75 消费税配套 消费税配套 GST package Double deduction for training expenses for ICT & accounting (YA ) ACA for ICT equipment & software up to YA 2016 SME tax rate 19% & 24% YA2016 GST training grant RM100 million Purchase of accounting software – RM150 million Businesses

76 76

77 77 全方位税务规划 Overall Tax Planning Corporate tax Personal tax GST

78 78 Goods & Services Tax : Thank you PA : Carol Tel :


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