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Extension of Time for the Submission of SST-02 Return for the May to June 2021 Taxable Period

Further to our Tax Whiz dated on 13 July 2021, the Royal Malaysian Customs Department (“RMCD”) has issued an announcement (available in Malay language only) which allows an extension of time for the submission of SST-02 Return for the May to June 2021 taxable period.  Please click on the above header link for a copy of the RMCD’s announcement.

Based on the announcement, taxpayers who are affected by the Movement Control Order and could not furnish the SST-02 Return for the May to June 2021 taxable period by 31 July 2021 are given an extension of time until 31 August 2021 to do so.  Similarly, any associated penalty imposed in the MySST portal will be remitted by the RMCD upon application from the taxpayers, provided the SST-02 Return and payment are received by the RMCD on or before 31 August 2021.

Amendment to Service Tax Policy 10/2020

The RMCD has also issued the Amendment to Service Tax Policy 10/2020 in respect of Service Tax exemption on provision of digital services related to banking/ financial services.  Please click on the above header link for a copy of the Amendment.

The Amendment includes editorial changes as well as clarification that the exemption applies to:- 

  • Digital service provider, who charged fee/charges to the service recipient (bank account holder) to initiate transfer or withdrawal of fund;
  • The fee/charges charged refers to fee charges for transaction of withdrawal or transfer of funds only; and
  • The fee/charges are charged direct to service recipient (bank account holder).

Our highlights are intended to provide a general overview of the key proposed tax changes and should not be used or relied upon as a substitute for detailed advice or as a basis for formulating business decisions.

Should you have any questions or require further clarification, please do not hesitate to email or contact any of our Executive Directors, Directors, Associate Directors or Managers whom you are accustomed to dealing with or who are responsible for the tax affairs of your organization.

Ng Sue Lynn

Executive Director
- Indirect Tax Practice

Dato’ Tan Sim Kiat

Advisor 
- Indirect Tax Practice

Yap Choon Ling

Director
- Indirect Tax Practice