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Royal Malaysian Customs Department (RMCD) role is to: Collect national revenue in the form of taxes and customs duties consisting of import duty, export duty, excise duty, sales tax, service tax, extraordinary profit levy, vehicle levy, departure levy, non-tax revenue, state revenue/trust money and tourism tax.
Its purpose was to replace the sales and service tax which has been used in the country for several decades. The government is seeking additional revenue to offset its budget deficit and reduce its dependence on revenue from Petronas, Malaysia's state-owned oil company. The 6% tax will replace a sales-and-service tax of between 5–15%. [4] [5]
4th Parliament of Malaysia (Total: 55) Service Tax Act 1975 [Act 151] ( Repealed by the Goods And Services Tax Act 2014 [Act 762] ) Registration of Births and Deaths (Special Provisions) Act 1975 [Act 152] Islamic Development Bank Act 1975 [Act 153] Destruction of Disease-Bearing Insects Act 1975 [Act 154] Immigration Act 1959/63 [Act 155]
Highway Authority Malaysia (Incorporation) Act 1980: 231 In force Hire-Purchase Act 1967: 212 In force Hire Purchase Registration (Sarawak) (Repeal) Act 2007: 677 In force Holidays Act 1951: 369 In force Hotels (Federal Territory of Kuala Lumpur) Act 2003: 626 In force House to House and Street Collections Act 1947: 200 In force
Income Tax Act 1967 [Act 53] Financial Procedure Act 1957 [Act 61] Sales Tax Act 1972 [Act 64] Gaming Tax Act 1972 [Act 65] Accountants Act 1967 [Act 94] Bank Simpanan Nasional Act 1974 [Act 146] Service Tax Act 1975 [Act 151] Islamic Development Bank Act 1975 [Act 153] Real Property Gains Tax Act 1976 [Act 169] Excise Act 1976 [Act 176]
Value Added Tax Number: VSK / VASK IS 5 or 6 characters depending on age of the company India GST - Goods and Services Tax GSTIN IN Goods and Services Tax Identification Number is an 15 digit unique identification number assigned to every taxpayer in India. [22] Indonesia Nomor Pokok Wajib Pajak NPWP ID 16 digit number (e.g. 012.271.824.1-413.000)
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The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business. [ 1 ] The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public.