Malaysia GST Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Malaysia GST Forum

A forum for all to discuss GST issues

Who is online?
In total there are 4 users online :: 0 Registered, 0 Hidden and 4 Guests

None

[ View the whole list ]


Most users ever online was 29 on Wed Sep 11, 2019 6:02 pm
Latest topics
» This forum no longer accept new postings
Customs' Weekly Foreign Exchange Rates EmptyFri Jul 03, 2015 9:34 am by joseph

» Industrial Diesel
Customs' Weekly Foreign Exchange Rates EmptyFri Jul 03, 2015 9:11 am by joseph

» ICT industry
Customs' Weekly Foreign Exchange Rates EmptyFri Jul 03, 2015 9:10 am by joseph

» Input Tax (Passenger Car for business purpose)
Customs' Weekly Foreign Exchange Rates EmptyMon Jun 29, 2015 5:25 pm by joseph

» Conditions to Claim Input Tax
Customs' Weekly Foreign Exchange Rates EmptyMon Jun 29, 2015 3:12 pm by joseph

» Additional industry code
Customs' Weekly Foreign Exchange Rates EmptySun Jun 28, 2015 5:53 pm by joseph

» Sales Commisions
Customs' Weekly Foreign Exchange Rates EmptyFri Jun 26, 2015 7:44 pm by Poon1

» Advance payment for services not rendered yet
Customs' Weekly Foreign Exchange Rates EmptyThu Jun 25, 2015 4:13 pm by joseph

» Turnover Below RM500,000 subequent to GST registration
Customs' Weekly Foreign Exchange Rates EmptyWed Jun 24, 2015 6:16 pm by joseph

» Consigment Sales
Customs' Weekly Foreign Exchange Rates EmptyWed Jun 24, 2015 6:00 pm by joseph

» GST Accounting Entries
Customs' Weekly Foreign Exchange Rates EmptyTue Jun 23, 2015 10:21 pm by joseph

» Advance payment received from Customer
Customs' Weekly Foreign Exchange Rates EmptyTue Jun 23, 2015 5:45 pm by joseph

Statistics
We have 351 registered users
The newest registered user is emtng

Our users have posted a total of 570 messages in 139 subjects
Search
 
 

Display results as :
 

Rechercher Advanced Search


Customs' Weekly Foreign Exchange Rates

2 posters

Malaysia GST Forum :: General :: Important Links

Go down

Customs' Weekly Foreign Exchange Rates Empty Customs' Weekly Foreign Exchange Rates

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


_________________

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

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

Post by janicelmt87 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

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

Post by joseph 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
Join date : 2014-09-25

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

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

ES43 for both supplies and purchase?

janicelmt87

Posts : 6
Join date : 2015-05-08

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

Post by janicelmt87 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

Posts : 6
Join date : 2015-05-08

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

Post by joseph 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

Back to top Go down

Customs' Weekly Foreign Exchange Rates Empty Re: Customs' Weekly Foreign Exchange Rates

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

Malaysia GST Forum :: General :: Important Links

 
Permissions in this forum:
You cannot reply to topics in this forum