Designed with our clients in mind, our audit and assurance services focus on critical areas and risks that matter most to your business. The ability to manage...
-
Audit approach
Designing a tailored audit programme customised for your business, we will combine the collective skill and experience of assurance professionals around the world to deliver an audit that is efficient and provides assurance to your key stakeholders.
-
Audit methodology
We have adopted Grant Thornton International's Horizon audit approach and Voyager software, a revolutionary paperless audit designed to achieve a consistent standard of audit service.
-
MFRS
At Grant Thornton, our MFRS advisers can help you navigate the complexity of financial reporting.
-
Our local experts
Our local experts
At Grant Thornton, tax is a key part of our organisation and our tax teams can offer you a range of solutions.
-
Tax advisory & compliance
Our teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
-
Corporate & individual tax
Our teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
-
International tax & Global mobility services
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
-
Indirect tax
Our indirect tax specialists help clients in effective planning; assist to bring clarity to the legislation; assist and advise in audits or investigations. It is important for all entities, whether or not required to register for Sales Tax or Service Tax to analyse the impact of the taxes on their business operations, their revenues and expenses, and their customers and suppliers.
-
Tax audit & investigation
Tax audit and investigation
-
Transfer pricing
Transfer pricing
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
-
M&A, Restructuring & Forensics
Forensic
-
Corporate finance
Whether you are raising capital, disposing of a business or seeking a wider market for your company's shares on a stock market, we are ready to help make it a successful and stress-free experience for you.
-
Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
-
Recovery and reorganisation
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Sustainability and Climate Change Services
Japan Desk in Grant Thornton Malaysia was established in October 2013 to serve as bridge between Malaysia and Japan.
Our expertise in the property industry in ASEAN
Support clients in identifying strategic business or investment partners in China or other region
Our expertise in the retail industry in ASEAN
Our expertise in the technology industry in ASEAN
Tax
Updates on Sales Tax and Service Tax
10 Apr 2019The Royal Malaysian Customs Department (RMCD) had recently issued updates on the treatment of sales tax on goods in the designated areas and exemption for a duty-free shop.
- Sales tax treatment on importation of wine, spirit, beer, malt liquor, tobacco and tobacco products into designated areas is amended to a non-chargeable item effective from 27 March 2019. Consequently, the exemption of sales tax payment for these goods by any person licensed under:
- section 65D of the Customs Act 1967 to operate a duty-free shop in a designated area, and
- paragraph 35(1)(a) or 35(1)(b) of the Excise Act 1967 to operate a Public house or a beer house in a designated area,
is no longer applicable and has since been removed.
- The sales tax exemption of taxable goods applicable to any person licensed under section 65D of the Customs Act 1967 to operate a duty-free shop, is amended to include duty-free shop in designated areas. A new condition for this exemption is added such that the goods are solely for sale by the person at his duty-free shop.
The RMCD had recently announced new application procedures for sales tax exemption for persons acting on behalf of registered manufacturer or registered petroleum manufacturer.
- A new module of the application for exemption of item 3 and 4 of Schedule C of the Sales Tax (Persons Exempted from Payment of Tax) Order 2018 is now available on the MySST portal. The new module requires two parties, i.e. the registered manufacturer and the person acting on behalf of the registered manufacturer, to apply for the certificate of the exemption. The application is made based on the purchase order/ contract/ approximate purchase quantity for three months or less. The submitted application is not editable, therefore, a new application is required for any additional item. Certificates generated prior to 1 January 2019 are no longer applicable after 1 June 2019.
- In the case of application for cancellation of any item or certificate, the application shall be submitted manually to the customs controlling station using forms provided by the RMCD with the company official letter.
Please contact your respective Grant Thornton indirect tax adviser should you require further guidance.
Also appears under...