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Malaysia Tax Information

10% sales / 8% service

SST: 10% sales tax on goods, 8% service tax. GST was abolished in 2018.

Accountant Services to Invoice

  • Bookkeeping
  • Tax preparation
  • Financial statements
  • Payroll services
  • Tax planning
  • Audit support
  • Advisory

Invoice Requirements in Malaysia

SST registration number
Business registration
Client details
SST breakdown
Total in MYR

Payment Terms

Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

CashNet 30Net 60End of Month

Payment Methods in Malaysia

Bank TransferDuitNowFPXCredit CardTouch 'n Go

Accountant Invoice Tips

  • Reference service period
  • Detail returns prepared
  • Include software fees
  • Note complexity factors
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to accountant invoices in Malaysia?

Malaysia has 10% sales / 8% service. SST: 10% sales tax on goods, 8% service tax. GST was abolished in 2018.

What payment methods are common for accountants in Malaysia?

Common payment methods in Malaysia include: Bank Transfer, DuitNow, FPX, Credit Card, Touch 'n Go. Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

What should accountant invoices include in Malaysia?

Your invoice should include: SST registration number, Business registration, Client details, SST breakdown. For accountant services specifically, also include: Bookkeeping, Tax preparation, Financial statements.

How do accountants price tax preparation?

Based on complexity: forms, schedules, and documentation required.

Should accountants charge for questions?

Include reasonable questions. Track time for extensive consultations.

Does Malaysia have GST?

No, GST was abolished in 2018. Malaysia now uses SST.