Global indirect tax services

Matters to consider

• Registeration for GST
• Option not to register for GST
• Claiming GST on expenses incurred prior to GST registration
• Applicable GST schemes to your business

How we can help

• Advice on global GST regime
• Application for GST registration
• Application for exemption from GST registration
• Pre-registration input tax claims
• Analysis of pros and cons of various schemes relevant to your business
• Application for relevant schemes
• Malaysia Goods and Services Tax Toolkit

Matters to consider

• IRAS audit
• Errors made in submitted GST returns
• Penalties imposed by IRAS
• Protracted GST dispute with IRAS
• Tips on GST compliance
• Avoidance of common mistakes
• Voluminous transactions to review for GST compliance

How we can help

• Handling IRAS queries
• Assistance in disclosure of errors
• Filing GST F7 errors
• Attending meetings with IRAS
• Appeal on waiver of penalties
• Preparation/pre-submission review of GST F5 returns
• Performing GST "health checks"
• Conducting customised in-house GST training
• Developing customised GST procedural manual
• Scanning source data to identify potential risks and errors with KPMG's data analytical tool (KDAT)

Matters to consider

• Improving cashflow
• Improving inter-company sales
• Reducing GST compliance cost
• Initiatives to improve internal control and processes to secure ongoing GST compliance
• Considerations in embarking on a merger and acquisition
• Recovery of European VAT incurred on certain types of business expenses

How we can help

• Applications for various schemes such as
  • Major Exporter Scheme
  • Zero GST (ZG)
  • Approved Contract Manufacturer and Trader (ACMT) Scheme
  • Import GST Deferment Scheme (IGDS)
• Application for GST group registration
• Review and evaluation of existing indirect tax accounting procedures and processes
• Assistance in undertaking:
  • Assisted Compliance Assurance Programme (ACAP)
  • Assisted Self-help Kits (ASK)
• Due diligence review
• Advice on salient points on merger and acquisition
• Assessing the possibility of claims and advising on European VAT claims
  • Read more about European VAT Recovery

Matters to consider

• Align system invoice values with GST InvoiceNow Mandatory Invoice Elements (MDE)
• Improve data quality for accuracy and reliability
• Identify GST risks and control gaps
• Leverage data to strengthen compliance and close gaps
• Pre-filing data accuracy validation
• Access to guidance and troubleshooting support  

How we can help

Phase I: Preparation

• Impact Assessment using KPMG Analytical Tools (see link below)
  • MDE compliance assessment
  • Key GST risk analysis
• GST Healthcheck
• Systemic control and tax logic review
• Seeking clarification/concession from IRAS, where applicable*

Phase II: Testing and Implementation

• Implementation assistance and validation check of systemic GST controls
• Checklist for User Acceptance Test
• Helpdesk support
• Appointment of Access Point Service Provider

Phase III: Go Live

• Pre-filing review
• Helpdesk support

*The approval for such request is subject to the IRAS’ discretion.