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Tuesday, March 25, 2014

Online Registration System For Businesses For GST Implementation Now Ready

KUALA LUMPUR, March 24 (Bernama) -- The online registration system for businesses in respect of the new Goods and Services Tax (GST) is now ready, says Royal Malaysian Customs, Senior Assistant Director of Customs 1, Rohana Ahmad.

She said the registration would be open from January 2015, three months before implementation of the GST tax on April 1.

This is to avoid congestion and smoothen implementation of the GST which replace the sales and Services Tax (SST).

Later at the GST Seminar 2014 held here Monday, Rohana said dissemination of information to financial planners is crucial for the success of the GST's implementation.

"The government is sensitive to the needs of the people and has embarked on educating the masses on the GST before its implementation," Rohana added.

Organised by the Malaysian Financial Planning Council (MFPC) and Financial Planning Association of Malaysia, the one-day seminar featured speakers from the Customs department, and saw 200 participants.

MFPC president Md Adnan Zain said the knowledge of financial planners in respect of the GST, had improved due to efforts taken to familiarise themselves with it.

"Apart from helping clients gain a better understanding of the GST, we can also help them plan their finances better as a result," he told reporters at the seminar.

He said the financial planners in this way can help ease the burden of the Customs Department towards educating businesses on the GST.


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