Malaysia Tax Topics
Malaysia Goods and Services Tax (GST)
You can generate GST reports and tax audit files for Malaysia by installing the following NetSuite SuiteApps (also known as bundles):
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International Tax Reports – to provision pre-defined GST tax codes and to generate the Malaysia GST-03 Return. For information about installing this SuiteApp, see Installing and Setting Up International Tax Reports.
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Tax Audit Files – to generate the Malaysia GST Audit File (GAF). For information about installing this SuiteApp, see Installing the Tax Audit Files SuiteApp.
The reports can be used for submission to the Malaysian tax bureau, Jabatan Kastam Diraja Malaysia (JKDM).
For guidance on using NetSuite for Malaysia GST tracking and reporting, read the following tax topics:
Malaysia Sales and Service Tax (SST)
The Sales and Service Tax (SST) replaced the Goods and Services Tax (GST) system, effective September 1, 2018.
You need to apply changes in the GST setup to successfully implement SST for Malaysia. For detailed instructions, see the SuiteAnswers article Support for Malaysia's Sales and Service Tax (SST) in NetSuite (ID: 1012155).
With the International Tax Reports SuiteApp, you can generate the Sales and Service Tax Returns (SST-02) that you can submit to the Malaysian tax bureau, Jabatan Kastam Diraja Malaysia (JKDM).
For guidance on using NetSuite for Malaysia SST tracking and reporting, refer to the following tax topics: