TAX INVOICE

Report
消费税汇报会
1
Accounting, submission
Of
returns & payment of tax
TAX INVOICE
What is Tax Invoice?
A tax invoice is a document containing certain information about the
supply that has been made and it is similar to a commercial invoice
except for some additional information such as details of registered
person and supply, GST rate and the amount of GST payable.
may trigger the time of supply for a transaction.触发供应的时间
primary evidence to support a customer’s input tax claim.证据索进
项税
determine when he may claim his input tax.决定时间索进项税
determine which supplies made by him should be included in a
particular taxable period.特定的应纳税期间
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TAX INVOICE
Issuance of Tax Invoice
Tax invoice shall be issued by every registered person
who makes any taxable supply in the course or
furtherance of any business in Malaysia.
Tax invoice can be issued to the customer either :
 Hard copy
 Electronic
Must issue within 21 days after supply taken place (Time
of supply).
Containing prescribed particulars.
4
Tax Invoice
Types of tax invoice when making taxable
supplies
 full tax invoice.完整税务发票
 simplified tax invoice.简化税务发票
 self-billed invoice.自开税务发票
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Tax Invoice – Full Tax Invoice
税务发票资料;
(a) “税务发票” 词语在显眼处;
(b)税务发票的序列号;
(c)发出税务发票之日;
(d)供应商的名称,地址和GST别号;
(e) 客户的姓名(或贸易名称)和地址;
(f) 提供的商品或服务的描述
(g)对每个区分说明供应的标准税率,零税率和免税,货物数
量或服务,并付金额,不包括消费税;
(h)所提供的任何折扣;
(i)总额不包括消费税总,税收,的速率
(j) 付款项包括收取的消费税总额;和
(K)上文(i)及(j)任何金额必须以马来西亚货币。
6
7
Tax Invoice - Simplified Tax Invoice
For the purpose of claiming ITC :
 the buyer can use simplified tax invoice if
the total amount GST payable is RM30 or
less (GST @ 6%).
 if the total amount GST payable is more
than RM30, the buyer must request for a
(full name & address the recipient).
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Tax Invoice - Simplified Tax Invoice
 简体税务发票的内容:
1.供应商的名称,地址和识别号
2.发出发票的日期
3.税务发票序列号。
4. 描述所提供的商品或服务
5.对每个区分说明供应的标准税率,零税率和免税,货物数
量或服务,并付金额,不包括消费税
6. 支付的总税收征收总额
7. 征收税款税率的金额
8. 词“价格包括应付消费税”
9
Tax Invoice – Simplified Tax Invoice
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Tax Invoice - Self - billed Invoice
• Recipient is allowed to issue self-billed invoice for
supply in his possession if
 the value at the time of supply is not known by
the supplier供应商不知价值
 the recipient and the supplier are both
registered and agree in writing供应商
,收件人都注册和书面同意
 the supplier agrees that no tax invoice will be
issued by him供应商同意不開税务发票
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Tax Invoice - Self - billed Invoice
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TAX INVOICE
Tax Fraction
Tax fraction is the GST amount of the consideration.
The calculation of the tax fraction is as follows :

Tax fraction
=
tax rate
x
amount of consideration
100 + tax rate

Example:
Assuming your consideration is RM100.
GST
=
GST rate
x
consideration
x
RM100
100% + GST rate
=
6%
100% + 6%
=
RM5.66
13
TAX INVOICE
Tax Inclusive
In retail business, it may be more practical to treat the sum of
money received from your customer (consideration) as inclusive
of GST.
The tax invoice should still show the GST as a separate amount,
and you can state the GST inclusive prices and indicate with the
words ‘price inclusive of GST’.
Example:
Assume you sell an oven at RM1,000.
GST = Price x Tax Fraction
= RM1,000 x 6/106
= RM56.60
Charge customer RM1,000 and remit RM56.60 to Customs.
14
TAX INVOICE
Tax Exclusive
 Refers to the amount of GST paid as shown in tax
invoice with separate GST amount.
Example:
Assume you sell an oven at RM1,000.
GST
= Price x Rate of Tax
= RM1,000 x 6%
= RM60
Charge customer RM1,000 + RM60 (GST) =
RM1,060 and remit RM60 to Customs.
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Credit Note
Issuance of Credit Notes
 Credit notes are issued by a supplier when the price for a
supply is reduced after a tax invoice was issued, e.g.
reduction in price because of lower quality and credit note
issued
 Shall make adjustment in the GST return
Adjustments due to credit note issued
 supplier reduces output tax in the return for the taxable
period in which the credit note was issued
 customer reduces input tax in the return for the taxable
period in which he received the credit note
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CREDIT NOTE
6% GST
:
36.00
636.0
0
17
Credit Note
Example :
Goods sold on 20/1/16 by company A to company B, amount RM 1,000. plus GST
6%. Goods returned on 10/2/16 to company A, amount RM212. Credit note issued
on 25/2/16 by company A.
Company A (Seller)
Jan 2016
OUTPUT
Output tax : RM1000 x 6% = RM60
TAX
Adjust by
Feb 2016 (Adjustment)
deducting
Decrease Output tax : RM212 x 6/106 = RM12
Company B (Buyer)
Jan 2016
Input tax – RM1000 x 6% = RM60
Feb 2016 (Adjustment)
Decrease Input tax – RM212 x 6/106 = RM12
INPUT TAX
the related
GST in
form GST 03
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Debit Note
Issuance of Debit Notes
 Debit notes are issued by a supplier when the price for a
supply is increased after a tax invoice was issued, e.g.
wholesaler wrongly charging retailer a lower price
 Shall make adjustment in the GST return
Adjustments due to debit note issued
 supplier account for output tax in the return for the taxable
period in which the debit note was issued
 customer claim input tax in the return for the taxable period in
which he received the debit note
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DEBIT NOTE
6% GST
:
270.00
4,770.0
0
20
Debit Note
On 20/3/16 ABC Ent. issued a tax invoice to Maju Sdn.Bhd for
RM 10,600 inclusive GST 6%
In March taxable period for that particular transaction:
ABC Ent. accounts output tax of RM600 (i.e. RM10,000 x 6%)
Maju Sdn.Bhd claimed an input tax of RM600 (i.e. RM10,000 x 6%)
On 10/4/16, ABC Ent. raised a debit note for the amount of
RM 1,060 inclusive GST 6%.
In April taxable period,
ABC Ent. has to make an adjustment by increasing the output tax by
RM60 (i.e. RM1,060 x 6%)
Maju Sdn.Bhd has to make an adjustment by increasing the input tax
by RM60 (i.e. RM1,060 x 6%)
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Output tax
Input tax
Credit Note
supplier ( -)
Buyer ( -)
Debit Note
supplier (+)
Buyer (+)
BAD DEBT RELIEF
Concept:
Claimed relief
Supply
Payment
received
Tax paid
6 months elapsed
GST has to be accounted to
JKDM
6 years period for claiming bad debt relief
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Bad Debt Relief
Adjustments due to bad debts
 supplier is entitled to bad debts relief
 supplier claims as input tax in the return for the taxable
period in which the bad debts are given relief
 input tax amount to claim :
A1
x C
input tax =
B
where
A1 is the payment not received in respect of the taxable supply
B is the consideration for the taxable supply
C is the tax due and payable on the taxable supply
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Bad Debt Relief
Example:
Invoice
10 Jan 2016
RM53,000 (inclusive
GST RM3,000)
Payment
GST – 03 :
RM3,000 (output)
5 March 2016
RM42,400
Balance of RM10,600 unpaid
after 6 months from date of
invoice
input tax claimable =
RM10,600
RM53,000
x RM3,000
= RM600
26
Bad Debt Relief
If buyer who is a taxable person fails to pay his supplier the
consideration (wholly / part) on the supply after the period of six
months :-
 Need to account for GST on the outstanding amount owed
to the supplier
 Deemed to be his output tax (RM600 in the previous
example)
 Account the output tax in the taxable period after the
period of six months in his GST Return
 If he had ceased to be a registered person, account the tax
in GST-03 form (amendment)
27
Bad Debt Recovery
Adjustments due to payment received in respect of bad debts
 customer makes payment in respect of bad debts (relief has
been claimed by supplier)
supplier accounts as output tax in the return for the
taxable period in which the payment is made
 output tax amount to account
A2
x C
output tax =
B
where

A2 is the payment received in respect of the taxable supply
B is the consideration for the taxable supply
C is the tax due and payable on the taxable supply

customer account as input tax in the return for the
taxable period in which the payment is made
28
Bad Debt Recovery
SUPPLIER
Based on the earlier example:
On 5 September 2016, the customer pays RM5,300
The balance of RM5,300 is still unpaid.
output tax to be accounted =
RM5,300
RM53,000
x RM3,000
=
RM300.00
29
Bad Debt Recovery
Customer
Allowed to claim the RM300: If he is a Registered person – claim as
input tax in GST Return
 If he ceased to be a registered person
– claim as a refund in online TAP
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征税期限 (Taxable period)
• 注册者定期向政府呈报与缴付消费税
• 季度(每3个月)- Quarterly taxable period
每年营业额不超过500万令吉的业务
 月度(每个月)- Monthly taxable period
每年营业额500万令吉或以上的业务
Filing of GST Returns
When to submit GST Return
monthly taxable period
 quarterly taxable period
32
Filing of GST Returns
Last day for filing return and pay tax
 last day of the month following the taxable
period
 if last day is a holiday
• the following working day
33
GST Returns and Payment
 GST
returns
and
payments
must
be
submitted not later than
the last day of the month
following the end of the
taxable period.
 Electronic
filing
encouraged.
is
34
Filing of GST Returns
GST charged on
taxable supplies
Output
Tax
less
GST paid on
business purchases
Input Tax
equal
minus ()
Refund to
taxable person
Net GST
plus (+)
Pay GST to
Government
35
Filing of GST Returns
Example (payment) :
 Calculation of output tax
• Value of taxable supplies made
RM1,000,000
1
RM 60,000
2
• Value of taxable supplies received
RM 600,000
3
• Input tax
RM 36,000
4
RM 24,000
5
• Output tax
 Calculation of input tax
 Net tax payable/refundable
• GST payable (2 – 4)
• GST refundable (4 – 2)
6
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Filing of GST Returns
Example (refund):
 Calculation of output tax
• Value of taxable supplies made
• Output tax
RM1,000,000
1
RM 60,000
2
RM1, 600,000
3
RM 96,000
4
 Calculation of input tax
• Value of taxable supplies received
• Input tax
 Net tax payable/refundable
• GST payable (2 – 4)
• GST refundable (4 – 2)
5
RM 36,000
6
37
付税期限
在随后一个月之内必须支付
可以通过6个指定银行支付或电子支付
 Public Bank, Hong Leong Bank, RHB Bank,
MayBank, CIM Bank, Bank Islam
税务发票 (GST tax invoice)
• 税务发票必须注明消费税
• 所有关于消费税的业务与账目记录必须以
国语或英语填写,并保存7年
• 要享有进项税回扣, 必须要有消费税税务
发票作为证明
商业可索回进项税
例子:
销项税 (output tax)
进项税 (input tax)
净纳税额
(A)
RM1,000
(-) RM 800
RM 200
• (进项税可获退还)
• 进项税可索回的期限: 6 年
(B)
RM 800
RM1,000
(RM 200)*
6个月后 如果你还没有支付您的
供应商,进项税必须退还给政府
为销项税
折扣 (discount)
• 消费税的计算将根据折扣后的价格
消费税账目 货物 售价
折扣 @ 10%
净价
GST @ 6%
销售总额
1,000
100
900
54
954
礼品 (business gift)
• 价值不超过RM500的商业赠礼, 在同一年里送
给同一人,不必支付消费税
保用 (warranty)
• 在保用期内,免费更换零件,不必支付消费税
样品
样品(trade sample)
• 样品不必支付消费税,唯必须 :
不同的包装
 标明 “样品” 或 “非卖品”
8
过渡期
无法修改合约 (Non reviewable contract)
2013年4月1日之前签订的无法修改商业合 约将被
视为零税率, 为期五年.
 若在五年期间,买卖双方有权更新合约内容, 有关
合约才会被征收消费税
特别退税 (special sales tax refund)
已支付销售税的手上存货,可获得特别退税
 若购货单或进口文件注明已经被征收销
售税, 可获全数销售税退税
特别退税 (special sales tax refund)

相反的, 销售税退税则以以下方式计算 :
购买价 x 20% x 销售税率
例子:
购买原料 : RM15,000
原料存货 @1.4.2015 : RM10,000
特别退税 = RM10,000 x 10% x 20%
= RM 200
如何申请特别退税
* 从2015年4月1日开始六个月内必须申请
(1.4.2015 – 30.9.2015) 6 个月限期
• 填写申请表格
• 特别退税 <RM10,000 : audit certificate signed
by a chartered accountant
* 特别退税 >RM10,000 : audit certificate signed
by an approved company
auditor
更新电脑与会计系统
 提供员工训练
 检讨价格和账期

检讨合约,确认价格属于“包括”或
“不包括” 消费税

业务存货管理
消费税详情
消费税网站:
www.gst.customs.gov.my
顾客服务热线:
电话:1300-888-500
03 - 7806 7200
传真: 03 - 7806 7599
电邮:[email protected]
新加坡前总理-吴作栋
消费税为我们扩大税务基础,使我们处于有利位置
为税务制度改革推进另一个阶段。
政府的基本目标是简化税收体系和减轻生产的税收
因素。一个简化的税收制度有利于规范和降低行政
和经商成本。较轻的税务将激励人们工作,存钱和
发展经济。
谢谢!

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