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Customs' Weekly Foreign Exchange Rates

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Customs' Weekly Foreign Exchange Rates

Post by joseph on Fri Mar 27, 2015 3:47 pm

Customs' Weekly Foreign Exchange Rates:
http://tariff.customs.gov.my/FOREX/
http://customsgc.gov.my/cgi-bin/exchange.cgi

_________________


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: Customs' Weekly Foreign Exchange Rates

Post by janicelmt87 on Wed Jun 10, 2015 5:20 pm

Hi Joseph,

May I know why realised Foreign gain and loss have to account under tax code TX-E43 when it is a non-monetary transaction. it doesnt seem to make sense to me that we have to incur gst on such expense.

Thanks

janicelmt87

Posts : 6
Join date : 2015-05-08

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Re: Customs' Weekly Foreign Exchange Rates

Post by joseph on Thu Jun 11, 2015 9:19 am

Both realised forex gain and loss - tax code is ES43.

_________________


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
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Re: Customs' Weekly Foreign Exchange Rates

Post by janicelmt87 on Thu Jun 11, 2015 1:48 pm

ES43 for both supplies and purchase?

janicelmt87

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Re: Customs' Weekly Foreign Exchange Rates

Post by janicelmt87 on Thu Jun 11, 2015 1:56 pm

joseph wrote:Both realised forex gain and loss - tax code is ES43.


Hi Joseph,

My concern is on realised gain and loss for imports and i understand that the tax code is TX-E43 under purchase. Thanks

janicelmt87

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Re: Customs' Weekly Foreign Exchange Rates

Post by joseph on Thu Jun 11, 2015 3:59 pm

ES43 for both purchases and supplies.

_________________


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: Customs' Weekly Foreign Exchange Rates

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