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Malaysia SST - Cash Receipt basis Tax Payment

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Hello Techis and experts :)

In Malaysia SST will be going to be implemented soon (Most probably from Sep-18).  Now company has to pay tax liability on the basis of Cash receipts and not accrual basis.  So company suppose to create liability at the time of invoicing, they need to be paid that only once they received Money from customer.

So there is challenge at time of settlement an payment of SST.

Anyone has guidance or advise on the same or it will be new development?

Please suggest

Thanks and regards

 


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