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Customs' Weekly Foreign Exchange Rates
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Customs' Weekly Foreign Exchange Rates
Customs' Weekly Foreign Exchange Rates:
http://tariff.customs.gov.my/FOREX/
http://customsgc.gov.my/cgi-bin/exchange.cgi
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
Re: Customs' Weekly Foreign Exchange Rates
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
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
Re: Customs' Weekly Foreign Exchange Rates
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
Re: Customs' Weekly Foreign Exchange Rates
ES43 for both supplies and purchase?
janicelmt87- Posts : 6
Join date : 2015-05-08
Re: Customs' Weekly Foreign Exchange Rates
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
Re: Customs' Weekly Foreign Exchange Rates
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

» Customs Tariff Codes
» EVENT MANAGEMENT SERVICE PROVIDED TO FOREIGN CLIENT
» OANDA EXCHANGE RATE
» HM Revenue & Customs, UK
» Malaysian Customs Department
» EVENT MANAGEMENT SERVICE PROVIDED TO FOREIGN CLIENT
» OANDA EXCHANGE RATE
» HM Revenue & Customs, UK
» Malaysian Customs Department
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