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Updates to Malaysia Tax Codes

in Announcements
Updates to Malaysia Tax Codes
  
This notification is intended for customers with a Malaysia subsidiary and using the International Tax Reports SuiteApp.

The Goods and Services Tax Return (GST-03) form is updated to be aligned with the latest GST rate change of 0% last June 1, 2018. In line with this, new Category options are added applicable for tax codes TX, ZP, SR, DS and ZRL. The use of the Category property is required to correctly report the tax codes to either Box 5a/5b or Box 6a/6b.

This update is targeted for release on July 24, 2018.

       
What is Changing?Recommended Action
[LIST=1] [*]The dropdown list for the

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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