ManLoong 发表于 3-8-2014 11:31 PM
1.When you made a sales and tax invoice was issued on2nd July 2015 for 1000 + 98 =1098, based on t ...
真是乱啊！
"Where a cash discount is offered for speedy payment, VAT is calculated on an amount represented by the value of the invoice less the cash discount. Even if the cash discount is lost because of late payment, the VAT will not change."
Discount applies to both Net and GST if paid by discount date
The case for most jurisdictions, the tax is a straight percentage of the amount paid, regardless of whether the prompt payment discount is taken up or not.
63. On GST implementation date, retailers are required to display the price of goods inclusive of GST. The old price tags have to be discarded and replace with a new price tag. For the hypermarkets, supermarkets, mini markets and convenient stores, they can display the price by using shelf tagging method. Shelf tagging is a practice, where the retailer displays the price of goods inclusive of GST on the shelves.
For other retailers, they have to discard the old price tag and replace with a new price tag. The price tagging is done on each product.
请问，Gift Rules RM 500 to same person same year, 到底是 financial year or calendar year ？书和网友都说是 calendar year, 今天第二次问老师他还是说 financial year. 请问 singapore 的 practice 又是怎样？
vrz 发表于 21-8-2014 08:35 PM
请问，Gift Rules RM 500 to same person same year, 到底是 financial year or calendar year ？书和网友 ...
Act好像只是写year，没说明。
不然直接写e-mail问Customs。
或者，你可以去看看Specific Guide > Partial Exemption or Capital Goods Adjustment 里面有提到如何算tax year。
A tax year in its ordinary meaning would constitute 12 calendar months and correspond with the financial year. However, for the purposes of working out adjustments by a mixed supplier, the tax year is also the longer period applicable to a mixed supplier. However, the GST provisions also provide for the first and final tax years to be a period consisting other than 12 calendar months under certain circumstances as further explained below
vrz 发表于 21-8-2014 08:35 PM
请问，Gift Rules RM 500 to same person same year, 到底是 financial year or calendar year ？书和网友 ...
@Aquariel
对，Act 只提到 "the same person in the same year" as below 没说明
"(2) Subparagraph (1) does not apply where the transfer or disposal is -
(a) a gift of goods made in the course or furtherance of the business made to the same person in the same year where the total cost to the donor is not more than five hundred ringgit; or"
或者，可参考 Aquariel 大大提到的 "tax year" basis...
这个 "same year" 不只没说明，除了得 keep a register of free gift, 也有很麻烦的 tracking problem in practice
Before 1 Oct 2012, 他们的 Gift rule 有一条是 it does not form a series of gifts and a series of gifts refers to a situation where 3 or more gifts (regardless of value) are given to the same person within a period of 3 months. 每一次给 free gift to 一个人时，得 check 之前三个月内有没有给那个人两次，这也是有很麻烦的 tracking problem...
所以 with effect from 1 Oct 2012, to ease compliance for businesses, the following changes have been made:
1) The series of gifts condition has been removed. Hence, you no longer have to track the number of gifts given to a person and you only need to account for output tax if the cost of each gift exceeds $200; and
2) You only need to account for output tax if input tax on those goods has been allowed to you. Hence, if you choose not to claim the GST incurred on those goods*, you need not account for output tax when you subsequently give the goods away for free.
* GST input tax is not deductible for income tax purposes if you choose not to claim the input tax under GST Act.
Please note that if the GST on the supply of the goods to you has been suspended, for example, the goods were imported under Major Exporter Scheme (MES), the GST suspended is treated as input tax allowed to you. With the change, you are required to account for output tax based on the OMV of the goods except when:
1) The cost of the gift is not more than $200; or
2) No credit for input tax was allowed on the purchase or import of those goods.
这样的话，每一次给 free gift to 一个人时，只有在 free gift value >$200 和那个 free gift 的 input tax credit has been claimed or allowed 的情况下，才需要 account for output tax 就比较简单了。
不然大大，您直接写 e-mail or call RCM 反映下那个 tracking issue 和 request for easier rules...
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发表于 20-8-2014 03:15 PM
好厉害挖料！嘎嘎
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