Presentation Transcript

1. 消费税汇报会
2. Accounting, submission Of returns & payment of tax
3. TAX INVOICE What is Tax Invoice? A tax invoice is a document containing certain information about the supply that has been made and it is similar to a commercial invoiceexcept for some additional information such as details of registered person and supply, GST rate and the amount of GST payable. may trigger the time of supply for a transaction.触发供应的时间 primary evidence to support a customer’s input tax claim.证据索进项税 determine when he may claim his input tax.决定时间索进项税 determine which supplies made by him should be included in a particular taxable period.特定的应纳税期间
4. TAX INVOICE Issuance of Tax Invoice Tax invoice shall be issued by every registered person who makes any taxable supply in the course or furtherance of any business in Malaysia. Tax invoice can be issued to the customer either : Hard copy Electronic Must issue within 21 days after supply taken place (Time of supply). Containing prescribed particulars.
5. Tax Invoice Types of tax invoice when making taxable supplies full tax invoice.完整税务发票 simplified tax invoice.简化税务发票 self-billed invoice.自开税务发票
6. Tax Invoice – Full Tax Invoice 税务发票资料; （a） “税务发票” 词语在显眼处; （b）税务发票的序列号; （c）发出税务发票之日; （d）供应商的名称，地址和GST别号; (e) 客户的姓名（或贸易名称）和地址; (f) 提供的商品或服务的描述 （g）对每个区分说明供应的标准税率，零税率和免税，货物数 量或服务，并付金额，不包括消费税; （h）所提供的任何折扣; （i）总额不包括消费税总，税收，的速率 (j)付款项包括收取的消费税总额;和 （K）上文（i）及（j）任何金额必须以马来西亚货币。 The following particulars are required in the full tax invoice; (a) the words “tax invoice” in a prominent place; (b) the tax invoice in serial number; (c) the date of issue of the tax invoice; (d) supplier’s name, address and GST identification number; the customer’s name (or trading name) and address; a description sufficient to identify the goods or services supplied (g) for each description distinguish the type of supply for standard rate, zero rate and exempt, the quantity of goods or the extent of the services and amount payable, excluding GST; (h) any discount offered; (i) the total amount payable excluding GST, the rate of tax and the total tax chargeable shown as a separate amount; (j) total amount payable including the GST charged; and (k) any amounts referred to (i) and (j) must be expressed in Malaysian currency.
7. Tax Invoice - Simplified Tax Invoice For the purpose of claiming ITC : the buyer can use simplified tax invoice if the total amount GST payable is RM30 or less (GST @ 6%). if the total amount GST payable is more than RM30, the buyer must request for a (full name & address the recipient).
8. Tax Invoice - Simplified Tax Invoice 简体税务发票的内容: 1.供应商的名称，地址和识别号 2.发出发票的日期 3.税务发票序列号。 4. 描述所提供的商品或服务 5.对每个区分说明供应的标准税率，零税率和免税，货物数 量或服务，并付金额，不包括消费税 6. 支付的总税收征收总额 7. 征收税款税率的金额 8. 词“价格包括应付消费税”
9. Tax Invoice – Simplified Tax Invoice
10. Tax Invoice - Self - billed Invoice Recipient is allowed to issue self-billed invoice for supply in his possession if the value at the time of supply is not known by the supplier供应商不知价值 the recipient and the supplier are both registered and agree in writing供应商 ,收件人都注册和书面同意 the supplier agrees that no tax invoice will be issued by him供应商同意不開税务发票
11. Tax Invoice - Self - billed Invoice
12. TAX INVOICE Tax Fraction Tax fraction is the GST amount of the consideration. The calculation of the tax fraction is as follows : Tax fraction = tax rate x amount of consideration 100 + tax rate Example: Assuming your consideration is RM100. GST = GST rate x consideration 100% + GST rate = 6% x RM100 100% + 6% = RM5.66
13. TAX INVOICE Tax Inclusive In retail business, it may be more practical to treat the sum of money received from your customer (consideration) as inclusive of GST. The tax invoice should still show the GST as a separate amount, and you can state the GST inclusive prices and indicate with the words ‘price inclusive of GST’. Example: Assume you sell an oven at RM1,000. GST = Price x Tax Fraction = RM1,000 x 6/106 = RM56.60 Charge customer RM1,000 and remit RM56.60 to Customs.
14. TAX INVOICE Tax Exclusive Refers to the amount of GST paid as shown in tax invoice with separate GST amount. Example: Assume you sell an oven at RM1,000. GST = Price x Rate of Tax = RM1,000 x 6% = RM60 Charge customer RM1,000 + RM60 (GST) = RM1,060 and remit RM60 to Customs.
15. Credit Note Issuance of Credit Notes Credit notes are issued by a supplier when the price for a supply is reduced after a tax invoice was issued, e.g. reduction in price because of lower quality and credit note issued Shall make adjustment in the GST return Adjustments due to credit note issued supplier reduces output tax in the return for the taxable period in which the credit note was issued customer reduces input tax in the return for the taxable period in which he received the credit note
16. CREDIT NOTE 6% GST : 36.00 636.00 17
17. Credit Note Example : Goods sold on 20/1/16 by company A to company B, amount RM 1,000. plus GST 6%. Goods returned on 10/2/16 to company A, amount RM212. Credit note issued on 25/2/16 by company A. Company A (Seller) Jan 2016 Output tax : RM1000 x 6% = RM60 Feb 2016 (Adjustment) Decrease Output tax : RM212 x 6/106 = RM12 OUTPUT TAX Adjust by deducting the related GST in form GST -03 Company B (Buyer) Jan 2016 Input tax – RM1000 x 6% = RM60 Feb 2016 (Adjustment) Decrease Input tax – RM212 x 6/106 = RM12 INPUT TAX
18. Debit Note Issuance of Debit Notes Debit notes are issued by a supplier when the price for a supply is increased after a tax invoice was issued, e.g. wholesaler wrongly charging retailer a lower price Shall make adjustment in the GST return Adjustments due to debit note issued supplier account for output tax in the return for the taxable period in which the debit note was issued customer claim input tax in the return for the taxable period in which he received the debit note
19. DEBIT NOTE 6% GST : 270.00 4,770.00 20
20. Debit Note On 20/3/16 ABC Ent. issued a tax invoice to MajuSdn.Bhd for RM 10,600 inclusive GST 6% In March taxable period for that particular transaction: ABC Ent. accounts output tax of RM600 (i.e. RM10,000 x 6%) MajuSdn.Bhd claimed an input tax of RM600 (i.e. RM10,000 x 6%) On 10/4/16, ABC Ent. raised a debit note for the amount of RM 1,060 inclusive GST 6%. In April taxable period, ABC Ent. has to make an adjustment by increasing the output tax by RM60 (i.e. RM1,060 x 6%) MajuSdn.Bhd has to make an adjustment by increasing the input tax by RM60 (i.e. RM1,060 x 6%)
21. BAD DEBT RELIEF Concept: Claimed relief Supply Payment received Tax paid 6 months elapsed GST has to be accounted to JKDM 6 years period for claiming bad debt relief
22. Bad Debt Relief Adjustments due to bad debts supplier is entitled to bad debts relief supplier claims as input tax in the return for the taxable period in which the bad debts are given relief input tax amount to claim : where A1 is the payment not received in respect of the taxable supply B is the consideration for the taxable supply C is the tax due and payable on the taxable supply A1 B x C input tax =
23. Bad Debt Relief 10 Jan 2016 RM53,000 (inclusive GST RM3,000) Example: Invoice Payment 5 March 2016 RM42,400 Balance of RM10,600 unpaid after 6 months from date of invoice GST – 03 : RM3,000 (output) RM10,600 RM53,000 x RM3,000 input tax claimable = = RM600
24. Bad Debt Relief If buyer who is a taxable person fails to pay his supplier the consideration (wholly / part) on the supply after the period of six months :- Need to account for GST on the outstanding amount owed to the supplier Deemed to be his output tax (RM600 in the previous example) Account the output tax in the taxable period after the period of six months in his GST Return If he had ceased to be a registered person, account the tax in GST-03 form(amendment)
25. Bad Debt Recovery Adjustments due to payment received in respect of bad debts customer makes payment in respect of bad debts (relief has been claimed by supplier) supplier accounts as output tax in the return for the taxable period in which the payment is made output tax amount to account where A2 is the payment received in respect of the taxable supply B is the consideration for the taxable supply C is the tax due and payable on the taxable supply customer account as input tax in the return for the taxable period in which the payment is made A2 B x C output tax =
26. Bad Debt Recovery SUPPLIER Based on the earlier example: On 5 September 2016, the customer pays RM5,300 The balance of RM5,300 is still unpaid. RM5,300 RM53,000 x RM3,000 output tax to be accounted = = RM300.00
27. Bad Debt Recovery Customer Allowed to claim the RM300:- If he is a Registered person – claim as input tax in GST Return If he ceased to be a registered person – claim as a refund in online TAP
28. 征税期限 (Taxable period) • 注册者定期向政府呈报与缴付消费税 季度（每3个月）- Quarterly taxable period 每年营业额不超过500万令吉的业务  月度（每个月）- Monthly taxable period 每年营业额500万令吉或以上的业务
29. Filing of GST Returns When to submit GST Return monthly taxable period quarterly taxable period
30. Filing of GST Returns Last day for filing return and pay tax last day of the month following the taxable period if last day is a holiday the following working day
31. GST Returns and Payment GST returns and payments must be submitted not later than the last day of the month following the end of the taxable period. Electronic filing is encouraged.
32. Filing of GST Returns GST charged on taxable supplies Output Tax less GST paid on business purchases Input Tax equal plus (+) minus (-) Net GST Refund to taxable person Pay GST to Government
33. Filing of GST Returns Example (payment) : Calculation of output tax Value of taxable supplies made Output tax Calculation of input tax Value of taxable supplies received Input tax Net tax payable/refundable GST payable (2 – 4) GST refundable (4 – 2) RM1,000,000 1 RM 60,000 2 RM 600,000 3 RM 36,000 4 RM 24,000 5 6
34. Filing of GST Returns Example (refund): Calculation of output tax Value of taxable supplies made Output tax Calculation of input tax Value of taxable supplies received Input tax Net tax payable/refundable GST payable (2 – 4) GST refundable (4 – 2) RM1,000,000 1 RM 60,000 2 RM1, 600,000 3 RM 96,000 4 5 RM 36,000 6
35. 付税期限 在随后一个月之内必须支付 可以通过6个指定银行支付或电子支付 Public Bank, Hong Leong Bank, RHB Bank, MayBank, CIM Bank, Bank Islam
36. 税务发票 (GST tax invoice) • 税务发票必须注明消费税 • 所有关于消费税的业务与账目记录必须以 国语或英语填写，并保存7年 • 要享有进项税回扣, 必须要有消费税税务发票作为证明
37. 商业可索回进项税 例子: (A) (B) 销项税 (output tax) RM1,000 RM 800 进项税 (input tax) (-) RM 800 RM1,000 净纳税额 RM 200(RM 200)* (进项税可获退还) • 进项税可索回的期限: 6 年
38. 6个月后 如果你还没有支付您的供应商，进项税必须退还给政府为销项税
39. 折扣 (discount) • 消费税的计算将根据折扣后的价格 消费税账目 货物 售价 1,000 折扣 @ 10％ 100 净价 900 GST @ 6％ 54 销售总额 954
40. 礼品 (business gift) • 价值不超过RM500的商业赠礼, 在同一年里送给同一人，不必支付消费税 保用 (warranty) • 在保用期内，免费更换零件，不必支付消费税 样品 样品(trade sample) • 样品不必支付消费税，唯必须 ： 不同的包装 标明 “样品” 或 “非卖品”
41. 8 过渡期
42. 无法修改合约 (Non reviewable contract) 2013年4月1日之前签订的无法修改商业合 约将被视为零税率, 为期五年. 若在五年期间，买卖双方有权更新合约内容, 有关合约才会被征收消费税
43. 特别退税 (special sales tax refund) 已支付销售税的手上存货,可获得特别退税  若购货单或进口文件注明已经被征收销售税, 可获全数销售税退税
44. 特别退税 (special sales tax refund)  相反的, 销售税退税则以以下方式计算 ： 购买价 x 20% x 销售税率 例子： 购买原料 : RM15,000 原料存货 @1.4.2015 : RM10,000 特别退税 = RM10,000 x 10% x 20% = RM 200
45. 如何申请特别退税 * 从2015年4月1日开始六个月内必须申请 (1.4.2015 – 30.9.2015)6 个月限期 填写申请表格 特别退税 <RM10,000 : audit certificate signed by a chartered accountant * 特别退税 >RM10,000 : audit certificate signedby an approved company auditor
46. 更新电脑与会计系统 提供员工训练 检讨价格和账期  检讨合约，确认价格属于“包括”或 “不包括” 消费税  业务存货管理
47. 消费税详情 消费税网站： www.gst.customs.gov.my 顾客服务热线： 电话：1300-888-500 03 - 7806 7200 传真： 03 - 7806 7599 电邮：gst@customs.gov.my
48. 新加坡前总理-吴作栋 消费税为我们扩大税务基础，使我们处于有利位置为税务制度改革推进另一个阶段。 政府的基本目标是简化税收体系和减轻生产的税收因素。一个简化的税收制度有利于规范和降低行政和经商成本。较轻的税务将激励人们工作，存钱和发展经济。
49. 谢谢！