There’s an old adage that says only 2 things are certain in life: death and taxes. The former you personally experience once, the latter every time money moves around.
For consultant companies like SOGE, we have had to register with the Customs Department so that we can collect service tax, which puts us in the same category as the delightful mamak shop across from our offices.
Service tax is applicable to all our work which will be applicable to an asset in Malaysia. Note that it doesn’t depend on who our client is, but where the ultimate user of our brain power resides. Since business is slow, our total cumulative service tax is about RM3.45 for this quarter.
Anyone know whether service taxes are applicable to assets located in the Thai-Malaysia Joint Development Area (JDA)? This would cover companies like CHOC, CPOC. I think service taxes don’t apply, but I may be wrong.