The Royal Malaysian Customs (RMC) has recently released the minutes of the Customs-Private Sector Consultative Panel Meeting No.1/2009 held on 15 July 2009.
Some of the issues discussed during the meeting were:
- criteria for the approval of public bonded warehouse licence (issue no. 6),
- proposal for on-line payment of service tax (issue no. 12),
- duty payment with the surety of bank guarantee (issue no. 19),
- delay in announcement of the ASEAN tariff reduction (issue no. 25),
- delay in issuance of Customs ruling – service tax (issue no. 26),
- refund of service tax on bad debts (issue no 28),
- review of definition of taxable services in the Second Schedule of the Service Tax Regulations 1975 (issue 29),
- proposal to pay sales tax from the 10th to the15th of every month (issue no. 30),
- payment of sales tax by telegraphic transfer (issue no. 31),
- proposal to increase the threshold from RM100,000 to RM 200,000 for the imposition of sales tax (issue no. 35), and
- abuse of licensed manufacturing warehouse (LMW) status (issue no.37).
Members can view the minutes at the Institute’s website.
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