KUCHING: More than 77,000 traders have registered for the Sales and Service Tax (SST) which will come into effect on Sept 1, says Customs director-general Datuk Seri T. Subromaniam.
Their registration was done through automatic transfer from the Goods and Services Tax (GST) system that the SST will replace.
Subromaniam said the traders had been informed of this via email.
“Of the total, 32,577 were registered for the sales tax and 44,874 for the service tax.
"This indicates that the compliance cost will drop because it is not necessary for most of the traders to register under the SST, only manufacturers of certain goods and providers of services,” he said.
Compliance cost is the expenditure of time or money in conforming with government requirements like legislation or regulation.
Subromaniam made the announcement at a press conference after a briefing on SST at Wisma Kastam in Petrajaya here Thursday (Aug 23). Also present was Sarawak Customs director Datuk Sharifah Halimah Tuanku Taha.
According to Subromaniam, a 31-point SST guideline would be uploaded on the Customs website for traders to refer to.
He also said that there had been 470 new registrations after online registration opened on Aug 16.
Companies or businesses eligible for registration can register do so at the Customs website at http://mysst.customs.gov.my/ or contact the Customs call centre at 1300 888 500. – Bernama