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Malaysia GST Forum

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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
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» Additional industry code
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» 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
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» Consigment Sales
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» GST Accounting Entries
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» Advance payment received from Customer
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Customs' Weekly Foreign Exchange Rates

Malaysia GST Forum :: General :: Important Links

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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

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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

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

ES43 for both supplies and purchase?

janicelmt87

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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
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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

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