The 2014 Budget is also referred to as the GST budget. With the impending implementation of Goods and Services Tax (‘GST’) in Malaysia on 1st April 2015, companies would need to ensure that their company is GST compliance. It is said that GST is a fairer tax. It taxes those who spend more and is friendly to those who spend less. Due to the fact that there are rules and regulations, company must ensure that their accounts and GST returns are prepared correctly and submitted on a timely basis.
Our advice to businesses would be to review the company business in line with the requirements of the ‘GST Act’ well in advance. This Act is new and there are many areas in which a business needs to comply. From the date of the announcement to implementation, companies have only 17 months to get ready. Start the preparation early to avoid last minute rush and non-compliance. Due to the complexity of GST, companies must start to prepare for GST immediately.
We are trained by RMC – GST division as GST Agents. As trained GST Consultants, we would be able to assist your business in this area.
We conduct GST training for companies and also provide consultancy services. Let us help you to prepare for a painless transition to the GST regime. There are tax planning areas that need to be address as soon as possible.
KAC Advisory Services is registered with HRDF/PSMB to provide approved training under the SBL scheme.
Contact us for a preliminary discussion on the action plan you need to take.
Our seminars details:
