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Import Export Duty & SST

 

Malaysian SST
"Sales & Service Tax" Custom Excise duties and Import taxes

 

SST when importing goods into Malaysia

Malaysia imposed SST of 0% 5% to 10% on taxable goods imported into Malaysia. Effective 1st September 2018 SST (Sales & Service Tax) has replace the existing GST of 6% (a value added tax implemented by the Malaysian Government on 1st April 2015).

The Sales Tax, is a single stage tax levied at import, at the point of entry (sea port, air-port, immigration custom check point.

For importation of goods into Malaysia, SST means Sales and Services Tax plus additional Malaysian Custom Excise import duties shall be leviable on the goods imported into Malaysia. The rate applicable for Malaysia Custom Import Excise duties on goods imported are indicated on each category of goods in column (4) of the first schedule to the Customs Duties Order 1996.

Zero Rated imported goods as well as exempted from import excise duties... More than 5,500 items of imported goods are zero rated SST as well as exempted from import excise duties.

Note
Importation of Zero 0% rated SST goods may still be subjected to excise import duties. Items imported into Malaysia duty-free islands of Langkawi, Labuan and Tioman are exempted (tax free).

For local Malaysian companies, SST is applicable on taxable goods manufactured by an individual or company in Malaysia with an annual turnover exceeding RM500,000

 

 

 

Malaysia Sales and Services Tax

IMPORT exemption from SST include fresh food such as meat, eggs, vegetables, fruits and daily essentials like rice, coffee, tea, milk powder, sugar, palm and coconut cooking oil as well as no sales tax are imposed on medicines and pharmaceutical products and personal hygiene products like diapers or sanitary pads.

 

0% 5% or 10% Import Sales Tax

Imported items liable for 0% 5% to 10% sales tax include food products like olive, sunflower and groundnut cooking oil, butter, three-in-one coffee, Mobile phones, cordless phones and laptops.

Items subjected to a 10% import sales tax include shellfish, canned drinks, household electrical appliances, toilet paper, tissue, cosmetics, cars, an motorcycles exceeding 200cc

 

Service Tax

Malaysian service providers like; hotels, insurance companies, Talco's, professionals like lawyers and accountants are subject to service tax but only applicable for businesses that have an annual revenue more than RM500,000 and for food and beverage retailers, service tax is only applicable for those with an annual revenue of over RM1.5 million.

 

SST Summary

0% 5% to 10% SST are charged and collected on all "taxable and non taxable goods” IMPORTED into Malaysia by any individual or commercial entity at the point of entry (sea port, air-port, immigration custom check point.

Importation of Zero 0% rated goods are exempted from having to pay the 5% or 10% SST but may still be subjected to Malaysian Custom Excise duties (import duty) unless the goods are both SST and excise duties zero. View goods exempted from Sales Tax (downloadable PDF file).

 

 

 

Other than the 0% 5% or 10% SST imposition for Taxable Goods Imported into Malaysia at the point of entry. Imported goods are also subjected to **Malaysian custom Excise duties (import duty) that varies from 0% to 300%

Please contact your nearest freight forwarder for more information and the full list of SST zero rated goods or download the PDF file here... goods exempted from Sales Tax

The valuation method are based on "Cost, Insurance and Freight" (CIF) – meaning that: the 5% or 10% SST imposition is based on the total cost of shipping value, cost of imported goods, cost of freight and cost of insurance.

Payment of customs duties or taxes can be made by cash, cheque or bank draft. Payment by cheque requires prior lodgment of security, normally in the form of a banker's guarantee to ensure the securing of the amount to be drawn.

Payment of customs duties or taxes shall be made at customs office at the place entry of import or export before the goods are released from customs control.

Next Page (part 2) Malaysia Import Export Duty & SST for Importation of goods into Malaysia via courier, parcel post, hand carried, and Zero rated SST goods.
 

Continue Page 8/9
Malaysian Custom Examination of goods.
It is carried out after the declaration of goods.


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