Companies risk paying GST for undeclared staff benefits

Valuable tips: Han giving a talk on GST at Cititel Penang.

COMPANIES should state their staff members’ benefits clearly in their employment contract to avoid being taxed under the Goods and Services Tax (GST) for the benefits, said Telekom Malaysia Berhad GST software consultant Han Kho.

“There are companies that give out benefits discreetly and fail to include such benefits in their employees’ contract. Benefits such as uniforms, smartphones and long service award should be stated clearly in the contract.