Here’s a quick update to inform you on our progress to help you transition over to SST beginning 1 September 2018.
IMPORTANT Financio Updates:
Beginning 1st September 2018, the new SST codes with revised rates will be rolled out into your Financio system. The new SST codes are as follow:
The Accrual basis related taxes will be charged directly into your SST Input and Output Tax account while the Cash basis related taxes will be charged temporarily to your SST Payable account until payments are received then those charges will be moved to your SST Input and Output Tax account.
To activate your SST in Financio, go to Control Panel > Taxes > Add New > Select SST. Fill in all the required information and you are good to go!
What’s Next – Our team is currently ironing out a few more hotfixes such as the displaying of SST Registration Number on invoices and bills as well as the SST report for submissions.
Note: If you are previously GST registered and is taxable under the SST requirements, an SST account would be automatically generated for you. An email should be sent to you containing more details. To check your SST status, you may visit: https://sst01.customs.gov.my/account/inquiry
Quick Links - SST Resources:
Customs Call Center:
- Tel : 03-7806 7200 / 1-300-888-500
- Fax : 03-7806 7599
- Email: firstname.lastname@example.org
Wrapping up with GST
Please be informed that pursuant to Section 6, Goods and Service Tax (Repeal) Act 2018, all GST Registrants are required to submit the GST-03 Return on the final taxable period and make full payment for the amount of tax payable in connection with the supply, for the last taxable period within 120 days from 01.09.2018. Please refer to the following schedule for better understandings:-
If you have any concerns or enquiries, do reach out to our team by commenting below, via email at email@example.com or through our in-app chat function. We’ll attend to them soonest possible.
Mon-Fri, 8.30am – 5.30pm
Travis Tai – Community Manager
Please sign in to leave a comment.