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You would have heard the announcement from the Ministry of Finance (MoF) that goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1, 2018. Don’t worry! We've got your back at Financio for our Malaysian subscribers.
New Invoices - Start using “SR – 0%” from 1 June 2018 onward instead of previously used “SR – 6%” tax code.
New Bills - Start using “TX – 0%” from 1 June 2018 onward instead of previously used “TX – 6%” tax code.
*NOTE: The above-mentioned tax codes are available now in Financio so you can start creating invoices and bills for June 1, 2018, onward.
FAQ's on GST 0% and Claims. Click Here!