The Goods and Services Tax (GST), which was implemented on 1 April 2015, is governed principally by the Goods and Services Tax Act 2014 (GST Act). To work efficiently, the GST Act must be read in tandem with all its subsidiary legislation as well as the guides issued by the tax authorities. The Law of Goods and Services Tax in Malaysia – An Essential Guide for Practitioners aims to help practitioners and businesses navigate through the legislative maze and to understand how the provisions will be interpreted by the courts.
This book contains the full text of the GST Act and its subsidiary legislation. Added to this are extremely valuable annotations that explain – simply and concisely – the provisions of the Act so that readers can get the answers or guidance to the questions they have concerning the imposition, collection and administration of GST in Malaysia.
The Law of Goods and Services Tax in Malaysia – An Essential Guide for Practitioners is a useful resource to understanding Malaysia’s GST legislation and is ideal for GST practitioners, tax practitioners in general, legal advisors as well students.
This book incorporates all amendments up to 26 January 2016.
Features:
- Overview of the GST Act
- The annotations to the Act include:
- history notes explaining amendments to the legislation, including the amendments made in the Finance Act 2015
- cross-references to the Royal Malaysian Customs’ GST Guides and Director General’s Decisions,
- cross-references to related provisions within the GST Act, GST Regulations, Rules and Orders
- case law comments to help with the statutory interpretation of various provisions in the GST Act
- rulings and guidelines from the Inland Revenue Authority of Singapore and the Australian Taxation Office
- explanation of the similarities and differences in GST treatment by the Singapore and Australian tax authorities on similar issues
- definition of terms
- Descriptive sub-section headings in square brackets
- Comprehensive indexing
- Printing is in dual colour for easy identification between the provisions and the annotations