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Input Tax (Passenger Car for business purpose)

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Input Tax (Passenger Car for business purpose)

Post by wen_xinn on Mon Apr 20, 2015 11:17 am

As I know, GST for passenger cars' expenses are blocked.

I wish to know,

Can I claim input tax for expenses (eg. repair, insurance) incurred for:

1) Motorcycle -Office Boy sending documents used
2) Viva -With company Logo & Name, and is used for staff sending documents for to port.

wen_xinn

Posts : 1
Join date : 2015-04-20

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Re: Input Tax (Passenger Car for business purpose)

Post by joseph on Mon Apr 20, 2015 12:29 pm

In Singapore, all running costs of passenger cars are blocked.

In Malaysia, our government chose to block only purchase, hire, repair, maintenance and refurbishment of passenger cards.

GST on insurance premium, parking and car wash is not blocked.

Only passenger cars blocked, motorcycle is not blocked.

Only passenger cars as mentioned in DG's Panel Decisions: 2/2014 and 1/2015 will be given approval
http://gst.customs.gov.my/en/rg/Pages/rg_fai.aspx

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Input Tax (Passenger Car for business purpose)

Post by joseph on Mon Apr 20, 2015 12:36 pm

Passenger car with company Logo & Name, and is used for staff sending documents for to port - DG has mentioned it will not approve such vehicle. GST on purchase, hire, repair, maintenance and refurbishment of Viva blocked.

However, do try to ask for approval if you have very good reasons.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Input Tax (Passenger Car for business purpose)

Post by Evon on Mon Jun 29, 2015 3:43 pm

Hi,

Our company sometime will hire passenger car from car hiring company for staff personnel for company business purposes i.e to pick up oversea guest, travel during outsation trip within malaysia etc.

Can we claim input tax on the car rental charged by the car hiring company?

Evon

Posts : 27
Join date : 2015-03-13

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Re: Input Tax (Passenger Car for business purpose)

Post by joseph on Mon Jun 29, 2015 5:25 pm

Not claimable as hiring of passenger cars is under the Blocked Input Tax list:

Regulation 36(f) of the GST Regulations 2014: Full list of purchases under Blocked Input Tax:

  1. Purchase of passenger car
  2. Repair, maintenance and refurbishment of passenger car (excluding insurance, fuel, parking and car wash)
  3. Hiring of passenger car
  4. Club subscription fee (including fitness centre/gym)
  5. Medical and personnel accident insurance premium (Group PA & Group H&S)
  6. Medical expenses, excluding medical expenses incurred under the Employees’ Social Security Act 1969 and the Workmen's Compensation Act 1952 where such expenses is obligatory under that Act or under any collective agreement within the meaning of the Industrial Relations Act 1967
  7. Family benefits - benefits for employees’ spouses & children
  8. Entertainment expenses to a person other than employees or existing customers

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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