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GST Treatment for Director Fees

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GST Treatment for Director Fees

Post by Admin on Thu Feb 05, 2015 10:57 pm

GST Treatment for Director's Fees

Director under Contract of Service/Employment
- Under employment
- Receives salary and entitled to EPF, SOCSO, annual leave etc.
- Due to his position as company’s CEO/Senior Manager, becomes a Director (Executive Director) of the same company and its subsidiaries
- Not subject to GST

Director under Contract for Service
- Usually Non-Executive Director – member of the board who is not part of the executive management team
- Acting as independent contractors
- Is carrying on a business
- Subject to GST if annual turnover exceeds RM500K
- Must register for GST and issue tax invoice
- Company can use tax invoice to claim input tax


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