Y’know, a while back they actually included how much tax was waived. I think the amount is the same as or more than the subside.
Maybe the powers that be decided that showing that information is an oops? Get the relevant act here.
Petrol Prices
October 1, 2012
Leave a Comment » | 
Malaysia, Malaysian election, oil and gas | Tagged: petrol, petroleum, PITA, subsidy, tax | 
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Posted by Wata
Tales from the Engineering Floor – Government, Please Take my Money
May 28, 2009Synergy‘s registered with the Custom Department as an entity collecting service tax. So, we want pay service tax this month (May, 2009), as to be good corporate citizens.
We review the payment instructions, which are different on the website and on the printed sheet. The website states that the Department will only accept the following methods of payment:
- cash;
- postal or money orders;
- cheques or bank drafts
Now, what is annoying is that the hard copy instruction say that if we are to submit a cheque, a bank guarantee is required. Not quite believing this, we went down to the offices (which for us is located way in Kelang), where we are stopped from submitting our service tax payment because the check did not come with a bank guarantee.
Exsqueeze me? We are trying to pay the Customs Department, but they refuse to take our Company cheque because it is not gauranteed? Where’s the logic in that? If the cheque bounces, it will cause more trouble to us then to them.
Service Tax Payment Requirements
1 Comment | Malaysia | Tagged: customs, service tax, tax | Permalink
Posted by Wata
Taxes and Service Taxes – Help?
April 15, 2009There’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.
3 Comments | business opportunity, Malaysia, oil and gas | Tagged: SOGE, Synergy, tax | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 