Alert: RMCD aims to collect RM3.0 billion of unpaid GST by this year

The Royal Malaysian Customs Department (RMCD) has set a new target to collect RM3.0 billion in Goods and Services Tax (GST) this year (up to 31 Dec 2017), through its Customs Blue Ocean Strategy (CBOS) 3.0. In CBOS, RMCD aims to visit 200,000 of the 434,000 GST-registered premises during CBOS 3.0, where 600 trained officers from its Compliance and Enforcement unit will be involved in the operation. GST is a self-compliance system and non-compliance would be subjected to heavy penalties. Clients are advised to have in place a structure audit program to review their returns for their customs import, export and GST requirements. Let’s talk: StanleyCo is a Licensed Tax Agent and GST Agent, plea

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