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消费税汇报会 1. Accounting, submission Of returns & payment of tax.

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Presentation on theme: "消费税汇报会 1. Accounting, submission Of returns & payment of tax."— Presentation transcript:

1 消费税汇报会 1

2 Accounting, submission Of returns & payment of tax

3 3 What is Tax Invoice? A tax invoice is a document containing certain information about the supply that has been made and it is similar to a commercial invoice except for some additional information such as details of registered person and supply, GST rate and the amount of GST payable.  may trigger the time of supply for a transaction. 触发供应的时间  primary evidence to support a customer’s input tax claim. 证据索进 项税  determine when he may claim his input tax. 决定时间索进项税  determine which supplies made by him should be included in a particular taxable period. 特定的应纳税期间 TAX INVOICE

4 4 Issuance of Tax Invoice  Tax invoice shall be issued by every registered person who makes any taxable supply in the course or furtherance of any business in Malaysia.  Tax invoice can be issued to the customer either : Hard copy Electronic  Must issue within 21 days after supply taken place (Time of supply).  Containing prescribed particulars. TAX INVOICE

5 5 Types of tax invoice when making taxable supplies  full tax invoice. 完整税务发票  simplified tax invoice. 简化税务发票  self-billed invoice. 自开税务发票 Tax Invoice

6 6 Tax Invoice – Full Tax Invoice 税务发票资料 ; ( a ) “ 税务发票 ” 词语在显眼处 ; ( b )税务发票的序列号 ; ( c )发出税务发票之日 ; ( d )供应商的名称,地址和 GST 别号 ; (e) 客户的姓名(或贸易名称)和地址 ; (f) 提供的商品或服务的描述 ( g )对每个区分说明供应的标准税率,零税率和免税,货物数 量或服务,并付金额,不包括消费税 ; ( h )所提供的任何折扣 ; ( i )总额不包括消费税总,税收,的速率 (j) 付款项包括收取的消费税总额 ; 和 ( K )上文( i )及( j )任何金额必须以马来西亚货币。 The following particulars are required in the full tax invoice; (a) the words “tax invoice” in a prominent place; (b) the tax invoice in serial number; (c) the date of issue of the tax invoice; (d) supplier’s name, address and GST identification number; (e)the customer’s name (or trading name) and address; (f)a description sufficient to identify the goods or services supplied (g) for each description distinguish the type of supply for standard rate, zero rate and exempt, the quantity of goods or the extent of the services and amount payable, excluding GST; (h) any discount offered; (i) the total amount payable excluding GST, the rate of tax and the total tax chargeable shown as a separate amount; (j) total amount payable including the GST charged; and (k) any amounts referred to (i) and (j) must be expressed in Malaysian currency.

7 7

8 8 For the purpose of claiming ITC : the buyer can use simplified tax invoice if the total amount GST payable is RM30 or less 6%). if the total amount GST payable is more than RM30, the buyer must request for a (full name & address the recipient). Tax Invoice - Simplified Tax Invoice

9 9  简体税务发票的内容 : 1. 供应商的名称,地址和识别号 2. 发出发票的日期 3. 税务发票序列号。 4. 描述所提供的商品或服务 5. 对每个区分说明供应的标准税率,零税率和免税,货物数 量或服务,并付金额,不包括消费税 6. 支付的总税收征收总额 7. 征收税款税率的金额 8. 词 “ 价格包括应付消费税 ” Tax Invoice - Simplified Tax Invoice

10 10 Tax Invoice – Simplified Tax Invoice

11 11 Recipient is allowed to issue self-billed invoice for supply in his possession if the value at the time of supply is not known by the supplier 供应商不知价值 the recipient and the supplier are both registered and agree in writing 供应商, 收件人都注册和书面同意 the supplier agrees that no tax invoice will be issued by him 供应商同意不開税务发票 Tax Invoice - Self - billed Invoice

12 12 Tax Invoice - Self - billed Invoice

13 13 Tax Fraction  Tax fraction is the GST amount of the consideration.  The calculation of the tax fraction is as follows :  Tax fraction= tax rate x amount of consideration tax rate  Example: Assuming your consideration is RM100. GST=GST ratexconsideration 100% + GST rate =6%xRM % + 6% = RM5.66 TAX INVOICE

14 14 Tax Inclusive  In retail business, it may be more practical to treat the sum of money received from your customer (consideration) as inclusive of GST.  The tax invoice should still show the GST as a separate amount, and you can state the GST inclusive prices and indicate with the words ‘price inclusive of GST’. Example: Assume you sell an oven at RM1,000. GST= Price x Tax Fraction = RM1,000 x 6/106 = RM56.60 Charge customer RM1,000 and remit RM56.60 to Customs. TAX INVOICE

15 15 Tax Exclusive  Refers to the amount of GST paid as shown in tax invoice with separate GST amount. Example: Assume you sell an oven at RM1,000. GST= Price x Rate of Tax = RM1,000 x 6% = RM60 Charge customer RM1,000 + RM60 (GST) = RM1,060 and remit RM60 to Customs. TAX INVOICE

16 16 Issuance of Credit Notes  Credit notes are issued by a supplier when the price for a supply is reduced after a tax invoice was issued, e.g. reduction in price because of lower quality and credit note issued  Shall make adjustment in the GST return Adjustments due to credit note issued  supplier reduces output tax in the return for the taxable period in which the credit note was issued  customer reduces input tax in the return for the taxable period in which he received the credit note Credit Note

17 17 CREDIT NOTE 6% GST :

18 Goods sold on 20/1/16 by company A to company B, amount RM 1,000. plus GST 6%. Goods returned on 10/2/16 to company A, amount RM212. Credit note issued on 25/2/16 by company A. Company A (Seller) Jan 2016 Output tax : RM1000 x 6% = RM60 Feb 2016 (Adjustment) Decrease Output tax : RM212 x 6/106 = RM12 Company B (Buyer) Jan 2016 Input tax – RM1000 x 6% = RM60 Feb 2016 (Adjustment) Decrease Input tax – RM212 x 6/106 = RM12 INPUT TAX OUTPUT TAX Example : Adjust by deducting the related GST in form GST - 03 Credit Note 18

19 19 Issuance of Debit Notes  Debit notes are issued by a supplier when the price for a supply is increased after a tax invoice was issued, e.g. wholesaler wrongly charging retailer a lower price  Shall make adjustment in the GST return Adjustments due to debit note issued  supplier account for output tax in the return for the taxable period in which the debit note was issued  customer claim input tax in the return for the taxable period in which he received the debit note Debit Note

20 20 DEBIT NOTE 6% GST : ,

21 On 20/3/16 ABC Ent. issued a tax invoice to Maju Sdn.Bhd for RM 10,600 inclusive GST 6% In March taxable period for that particular transaction:  ABC Ent. accounts output tax of RM600 (i.e. RM10,000 x 6%)  Maju Sdn.Bhd claimed an input tax of RM600 (i.e. RM10,000 x 6%) On 10/4/16, ABC Ent. raised a debit note for the amount of RM 1,060 inclusive GST 6%. In April taxable period,  ABC Ent. has to make an adjustment by increasing the output tax by RM60 (i.e. RM1,060 x 6%)  Maju Sdn.Bhd has to make an adjustment by increasing the input tax by RM60 (i.e. RM1,060 x 6%) Debit Note 21

22 Output taxInput tax Credit Note supplier ( -)Buyer ( -) Debit Note supplier (+)Buyer (+)

23 23 6 years period for claiming bad debt relief Supply Claimed relief Tax paid Payment received GST has to be accounted to JKDM 6 months elapsed Concept: BAD DEBT RELIEF

24 24 Bad Debt Relief entitle to relief on bad debts if the taxable person has not received any payment or part of payment in respect of the taxable supplies Conditions to apply relief GST has been paid has not received any payment or part payment 6 months from the date of supply or the debtor has become insolvent before the period of 6 months has elapsed sufficient efforts have been made to recover the debt Shall make adjustment in the GST return for bad debt relief claim Bad Debt Relief

25 25 Adjustments due to bad debts  supplier is entitled to bad debts relief  supplier claims as input tax in the return for the taxable period in which the bad debts are given relief  input tax amount to claim : where A1 is the payment not received in respect of the taxable supply B is the consideration for the taxable supply C is the tax due and payable on the taxable supply Bad Debt Relief A1 B input tax = x C

26 26 Example: Bad Debt Relief 10 Jan 2016 RM53,000 (inclusive GST RM3,000) GST – 03 : RM3,000 (output) 5 March 2016 RM42,400 Balance of RM10,600 unpaid after 6 months from date of invoice Invoice Payment RM10,600 RM53,000 input tax claimable = x RM3,000 = RM600

27 27 If buyer who is a taxable person fails to pay his supplier the consideration (wholly / part) on the supply after the period of six months :-  Need to account for GST on the outstanding amount owed to the supplier  Deemed to be his output tax (RM600 in the previous example)  Account the output tax in the taxable period after the period of six months in his GST Return  If he had ceased to be a registered person, account the tax in GST-03 form (amendment) Bad Debt Relief

28 28 Adjustments due to payment received in respect of bad debts  customer makes payment in respect of bad debts (relief has been claimed by supplier)  supplier accounts as output tax in the return for the taxable period in which the payment is made  output tax amount to account where A2 is the payment received in respect of the taxable supply B is the consideration for the taxable supply C is the tax due and payable on the taxable supply  customer account as input tax in the return for the taxable period in which the payment is made A2 B output tax = x C Bad Debt Recovery

29 29 SUPPLIER Based on the earlier example: On 5 September 2016, the customer pays RM5,300 The balance of RM5,300 is still unpaid. RM5,300 RM53,000 output tax to be accounted = x RM3,000 = RM Bad Debt Recovery

30 30 Customer Allowed to claim the RM300:-  If he is a Registered person – claim as input tax in GST Return  If he ceased to be a registered person – claim as a refund in online TAP Bad Debt Recovery

31 征税期限 (Taxable period) 注册者定期向政府呈报与缴付消费税  (  3 个月) - Quarterly taxable period  业  不  500 万令吉的业务  月  (  月) - Monthly taxable period  业  500 万令吉或以上的业务

32 32 When to submit GST Return  monthly taxable period  quarterly taxable period Filing of GST Returns

33 33 Last day for filing return and pay tax  last day of the month following the taxable period if last day is a holiday the following working day Filing of GST Returns

34 34 GST Returns and Payment  GST returns and payments must be submitted not later than the last day of the month following the end of the taxable period.  Electronic filing is encouraged.

35 35 GST charged on taxable supplies GST paid on business purchases Net GST Pay GST to Government Refund to taxable person Output Tax less Input Tax plus (+) equal minus (- ) Filing of GST Returns

36 36 Example (payment) :  Calculation of output tax Value of taxable supplies made Output tax  Calculation of input tax Value of taxable supplies received Input tax  Net tax payable/refundable GST payable (2 – 4) GST refundable (4 – 2) RM1,000,000 1 RM 60,000 2 RM 600,000 3 RM 36,000 4 RM 24, Filing of GST Returns

37 37 Example (refund):  Calculation of output tax Value of taxable supplies made Output tax  Calculation of input tax Value of taxable supplies received Input tax  Net tax payable/refundable GST payable (2 – 4) GST refundable (4 – 2) RM1,000,000 1 RM 60,000 2 RM1, 600,000 3 RM 96,000 4 RM 36, Filing of GST Returns

38 付税期限  后一  月   可以通过 6 个指定银行支付或电子支付  Public Bank, Hong Leong Bank, RHB Bank, MayBank, CIM Bank, Bank Islam

39 税务发票 (GST tax invoice) 税务发票必须注明消费税 所有关于消费税的业务与账目记录必须以 国语或英语填写,并保存 7 年 要享有进项税回扣, 必须要有消费税税务 发票作为证明

40 商业可索回进项税 例子 : (A) (B) 销项税 (output tax) RM1,000 RM 800 进项税 (input tax) (-) RM 800RM1,000 净纳税额 RM 200 (RM 200)* ( 进项税可获退还 ) 进项税可索回的期限 : 6 年

41 6 个月后 如果你还没有支付您的 供应商,进项税必须退还给政府 为销项税

42 托卖品 (consignment goods) 当货品出售 或 托卖品寄放满 12 个月后, 尽管未卖出, 也要支付消费 税 * 视何者为先 若是商家收回有关托卖品,政府就会以没有销售及 没有供应情况下, 不会针对有关托卖品征收消费税

43 Examples: Household accessories Shoes Clothes Perfumes 43 Shoes Furnitures

44 44 Company A Sales Statement Actual Time Of Supply (Invoice Date) Sales statement issued by consignee 21 days rule Example: Shop B (21 days) (Date of Sales Statement) Basic time of supply (Date of Sales Statement) Consignor Consignee If Tax invoice issued Goods removed Time Of Supply (If no Tax Invoice issued within 21 days) RETAILING – CONSIGNMENT GOODS

45 45 When consignor has to account for GST? Time of Supply (TOS)  12 months after the removal of the goods,  Basic TOS : Date after 12 months the goods were sent  Actual TOS: Date of tax invoice Provided that the tax invoice was issued within 21 days from the basic TOS GST Treatment on Supplies Made RETAILING – CONSIGNMENT GOODS

46 46 Company A No sales statement issued by consignee 21 days rule Example: Shop B (12 months after goods removed) Basic time of supply (12 months after goods removed) Consignor Consignee Goods removed No Sales Statement Actual Time Of Supply (Invoice Date) (21 days) If Tax invoice issued Time Of Supply (If no Tax Invoice issued within 21 days) RETAILING – CONSIGNMENT GOODS

47 折扣 (discount) 消费税的计算将根据折扣后的价格 消费税账目 货物 售价 1, % 100 净价 % 54 销售总额 954

48 礼品 (business gift) 价值不超过 RM500 的商业赠礼, 在同一年里送 给同一人,不必支付消费税 保用 (warranty) 在保用期内,免费更换零件,不必支付消费税 样品 样品 (trade sample) 样品不必支付消费税,唯必须 : 不同的包装 标明 “ 样品 ” 或 “ 非卖品 ”

49 8 过渡期

50 无法修改合约 (Non reviewable contract)  2013 年 4 月 1 日之前签订的无法修改商业合 约将被 视为零税率, 为期五年.  若在五年期间,买卖双方有权更新合约内容, 有关 合约才会被征收消费税

51 特别退税 (special sales tax refund) 已支付销售税的手上存货, 可获得特别退税  若购货单或进口文件注明已经被征收销 售税, 可获全数销售税退税

52 特别退税 (special sales tax refund) , 销售税退税则以以下方式计算 : 购买价 x 20% x 销售税率 例子: 购买原料 : RM15,000 : RM10,000 特别退税 = RM10,000 x 10% x 20% = RM 200

53 如何申请特别退税 * 从 2015 年 4 月 1 日开始六个月内必须申请 ( – ) 6 个月限期 填写申请表格 特别退税 RM10,000 : audit certificate signed by an approved company auditor

54  脑与会     期  检讨合约,确认价格属于 “ 包括 ” 或 “ 不包括 ” 消费税  业  理

55 消费税网站: 顾客服务热线: 电话: 传真: 电邮: 消费税详情

56 新加坡前总理 - 吴作栋 消费税为我们扩大税务基础,使我们处于有利位置 为税务制度改革推进另一个阶段。 政府的基本目标是简化税收体系和减轻生产的税收 因素。一个简化的税收制度有利于规范和降低行政 和经商成本。较轻的税务将激励人们工作,存钱和 发展经济。

57 谢谢!


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