Wages,epf, socso, depreciation

1)May i know what is the tax code used for wages,epf,socso and depreciation?
2)For the gift rule, only gift value that are exceed RM500 require account for tax purpose. If a RM 800 gift is given to employee, RM500 is claimable and RM300 is not claimable. Therefore, I should claim all RM 800 first and issue a tax invoice to employee or only claim RM500 and don't claim that RM 300?

Appreciate for anyone who can help me to resolve the question!

1) Tax code for wages, EPF, SOCSO and depreciation - OP.
2) Gift Rule, input tax incurred on the purchase of the gifts claimable, account for output tax on the full RM800 (not just RM300). No need to issue tax invoice. Refer Panel Decision 2/2014 http://gst.customs.gov.my/EN/RG/Pages/rg_fai.aspx

Thank you for your answer joseph !
Just to confirm the director fee is subject to GST right? If yes which code? Socso, EPF payment to director also subject to GST?

Only for independent directors (TX if registered, otherwise NR).

Director who is an employee of the company or an employee of the holding company and appointed to act on behalf of holding company, is not subject to GST (tax code: OP).

Request Tax Invoice from the independent directors if they are GST-registered.

Hi Joseph, may I know how do we accounted for the gift when accumulated has excess 500? Entry part confused.

If total gifts given to a person exceeds RM500 in a financial year, you will have to account for output tax on the total gifts.

Please refer to DG's Panel Decisions 1/2015 and 2/2014.

How do I account for output tax?By pass through Journal or Issue tax invoice?

Passing journal.

Ii have one query if one group have two outlet , A outlet paid rental behalf B outlet so what transection key in A company own record and what transect ion key in B company own record..kindly assist me regarding

This is a disbursement, no GST effect. Follow back the same previous accounting entries you were recording pre-GST.

Hi,

If Director never give us the tax invoice, or they refuse to give, can we just key the tax code as OP?

OP if under employment. NR if independent non-executive director.