This Guide discusses the issue of how a taxable person’s recovery of expenses are characterised and what is the method used to determine expenditure incurred by him which can be classified as a disbursement or reimbursement for service tax purposes. There may be three parties (service provider, claimant and customer) involved in reimbursement & disbursement.
Source:
Latest Posts in "Malaysia"
- Malaysia Explores Hybrid GST-SST Tax Model for Efficient Revenue Collection
- Malaysia Advances MyInvois E-Invoicing Rollout: What Businesses Need to Know
- Anwar Rejects GST Basics, Open to SST Adjustments
- Malaysia Rejects Full GST Return, Studies Hybrid Tax Model
- Hybrid GST-SST Gains Support as Malaysia Rules Out GST Return
