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A tariff code is a code tagged to every product that is involved in global trading. It’s a product-specific code as stated in the Harmonized System (HS).
Deskera Books allows you to indicate the right tariff code for each product and services and the tax rate will be auto-populated.
Do you want your business to be tax exempted?
Deskera Books allows your business to be registered for tax exemption by providing the exemption number and expiry date and indicating the exemption criteria that apply to you.
Indicating the right exemption criteria enables the system to generate an accurate report in compliance.
If you are a registered taxable person in Malaysia, you must prepare and file the SST-02 Report.
In Deskera Books, you can generate the SST-02 Report effortlessly. It ensures accurate filling the report to the Customs Processing Center (CPC) or submitting the report via MySST Portal.
The Sales Tax Return and Service Tax Return usually indicates the products and services sold to your customers based on the tariff code.
Deskera Books allows you to accurately file your tax payments based on the system's auto-generated sales and service tax return report with zero errors.
Powerful Malaysia Tax Features
Automatic SST calculation for invoices
Pre-configured tax rates in the system
Easy customization of tax rates for your business
Inbuilt Tariff and Service Codes for Products and Services
Deactivate taxes from the system if not in use
Generate all tax reports based on accurate real-time data
Helps to file your taxes on time with the accurate system-generated tax report
Export the tax reports in excel format
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How can I register my business in Malaysia?
Once you have registered the Sales and Service Tax, you will get your SST registration number. You are required to enter the Sales and Service Tax registration number when creating your organization in Deskera Books.
In the compliance section when creating a new company, you’re required to enter your business registration number, the sales tax registration number, or service tax registration number, indicate if your company is eligible for the exemption, and lastly, select the exemption reason. Save the record of the company details.
Can I apply tariff codes in Deskera Books?
With Deskera Books, under the Products module on the sidebar menu, when you’re creating a new product, you are required to fill in the fields as shown, especially the tariff code, default tax rate if your products are taxable, and if your products are non-taxable, indicate the exemption reason.
Where can I apply Schedule A, B, and C exemptions on Deskera Books?
When you’re creating a new organization in the Deskera Book, you’re required to indicate if your business is registered for exemption. If yes, you’ll have to provide the exemption number, expiry date and indicate the exemption criteria that apply to you. Indicating the right exemption criteria enables our system to generate an accurate Report in compliance.
What is the Penalty For the Late Payment of Tax?
For any Corporate Account payment (B2B), the minimum payment is RM2 to a maximum of RM 100 million. On the other hand for Individual Account, the minimum payment is RM 1 to a maximum of RM 100,000.
Do note that you’ll have to pay at Customs Processing Center by cheque if your total paid amount exceeded the maximum limit.
Why should I indicate my Vendor Type when Creating a Contact in Deskera Books?
When you’re adding a contact in Deskera Books, you should come across the vendor type section. There are three options you can choose from when indicating the type of the vendor your contact’s.
Indicating the right vendor type on Deskera Books during the creation of contact enables us to map the information accurately to the SST-02 Report.
What types of tax reports I can generate in Deskera Books?
With Deskera Books you are able to generate SST-02 Report, Sales Tax Return and Service Tax Return, which will help you to file your taxes on time.