Malaysia GST Tax Codes
Tax codes determine how much tax is due for each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, you must ensure that the tax codes for Malaysia are set up correctly.
For more information on tax codes, see Tax Code Properties and Creating Tax Codes.
GST Tax Code Table for Malaysia
The following table shows the tax code properties required to correctly generate the Malaysia tax reports provided by the International Tax Reports SuiteApp and the Malaysia tax audit files provided by the Tax Audit Files SuiteApp. The tax code names and letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.
On the Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.
To understand how NetSuite uses the tax codes to get the values for the Malaysia GST-03 Return, see What goes into each box - Malaysia GST-03 Return.
Please consult your tax agency for the correct tax rates.
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Available On |
---|---|---|---|---|---|
SR |
Standard rate |
Category: Supplies |
0% |
|
Sales |
ZRL |
Zero-rated supplies – local supply of goods or services |
Category: Local supplies |
0% |
|
Sales |
ZRE |
Zero-rated supplies – exportation of goods or services |
Export |
0% |
|
Sales |
IES |
Incidental exempt supplies under GST legislations |
Exempt Category: Incidental |
0% |
|
Sales |
DS |
Deemed supplies (for example, transfer or disposal of business assets without consideration) |
Category: Deemed supplies |
0% |
|
Sales |
OS |
Out of scope supplies |
Category: Out of scope supplies |
0% |
|
Sales |
ES |
Exempt supplies under GST |
Exempt |
0% |
|
Sales |
RS |
Relief supplies under GST |
Category: Relief supply |
0% |
|
Sales |
GS |
Disregarded supplies |
Category: Disregarded supplies |
0% |
|
Sales |
AJS |
Adjustment to output tax (for example, longer period adjustment, bad debt recovered, outstanding invoice greater than 6 months, and other output tax adjustments) |
Category: Output GST adjustment |
0% |
|
Sales |
ZDA |
Supply of goods from Malaysia to designated area (Pulau Langkawi, Labuan and Pulau Tioman) which are subject to zero-rated supplies |
Category: Designated Area |
0% |
|
Sales |
SR-JWS |
Supplies under Approved Jeweller Scheme (AJS) |
Category: Approved Jeweller Scheme |
0% |
|
Sales |
OS-TXM |
Out of scope supplies made outside Malaysia which will be taxable if made in Malaysia |
Category: Out of Scope |
0% |
|
Sales |
NTX |
Supplies with no tax chargeable |
Free Zone Area |
0% |
|
Sales |
NS |
Matters to be treated as neither a supply of goods nor a supply of services, and no GST chargeable |
Category: Sales - Second Schedule GST Act 2014 |
0% |
|
Sales |
RP |
Relief Purchase under GST legislations |
Category: Relief Purchase |
0% |
|
Purchases |
NP |
Matters to be treated as neither a purchase of goods nor a purchase of services, and no GST incurred (for example, purchase of Transfer of Going Concern (TOGC), purchase from any society or similar organization, insurance indemnity settlement, and diplomatic/consular services) |
Category: Purchases - Second Schedule GST Act 2014 |
0% |
|
Purchases |
TX |
Purchases with GST incurred at standard rate and directly attributable to taxable supplies |
Category: Purchases |
0% |
|
Purchases |
IM |
Import of goods with GST incurred |
Import |
0% |
|
Purchases |
IS |
Imports under special scheme with no GST incurred (for example, Approved Trader Scheme, ATMS Scheme) |
Import Category: Approved Trader Scheme |
0% |
|
Purchases |
BL |
Purchases with GST incurred but not claimable (disallowance of input tax) (for example, medical expenses for staff) |
Category: Disallowed input GST |
0% |
|
Purchases |
NR |
Purchases from non GST-registered supplier with no GST incurred |
|
0% |
|
Purchases |
ZP |
Purchases from GST-registered supplier with no GST incurred (for example, supplier provides transportation of goods that qualify as international services) |
Category: Purchases |
0% |
|
Purchases |
EP |
Exempt purchases under GST (for example, purchase of residential property or financial services) |
Exempt |
0% |
|
Purchases |
OP |
Out of scope purchases (for example, purchase of goods overseas) |
|
0% |
|
Purchases |
TX-FRS |
Purchase under Flat Rate Scheme |
Category: Flat rate scheme |
2% |
|
Purchases |
TX-NC |
GST incurred and chose not to claim input tax |
Category: GST expense |
0% |
|
Purchases |
TX-IES |
Purchases with GST incurred and directly attributable to incidental exempt supplies |
Exempt Category: Incidental |
0% |
|
Purchases |
TX-ES |
Purchases with GST incurred and directly attributable to exempt supplies, and only applicable for partially exempt trader/mixed supplier |
Exempt Category: Non-incidental |
0% |
|
Purchases |
TX-RE |
Purchases with GST incurred that is not directly attributable to taxable or exempt supplies |
Category: Residual input tax |
0% |
|
Purchases |
GP |
Disregarded purchases (for example, purchase within GST group registration) |
|
0% |
|
Purchases |
AJP |
Adjustment to input tax (for example, bad debt relief and other input tax adjustments) |
Category: Input GST adjustment |
0% |
|
Purchases |
TX-CG |
Purchases with GST incurred for capital goods acquisition. |
Category: Capital goods |
0% |
|
Purchases |
SRA-RC |
Services supplied by a supplier outside of Malaysia to a GST-registered recipient in Malaysia, and consumed in Malaysia |
Category: Self-Recipient Accounting |
0% |
TX |
Purchases |
Related Topics
- Tax Accounting Overview
- Enabling and Setting Up Taxation Features
- Managing Tax Codes
- VAT and GST Reporting
- Automatic Tax Code Provisioning
- Tax Audit Files
- Malaysia Tax Topics
- Setup Requirements for Malaysia GST Audit File (GAF)
- Malaysia GST-03 Return
- What goes into each box - Malaysia GST-03 Return
- Malaysia GST Audit File (GAF)