Amendment to Malaysia’s GST Return

Malaysia’s Customs Department has announced that with effect from 23 August 2016, GST registrants that want to amend their GST Return are required to observe the regulations and procedures in accordance with Regulation 69 of the GST Regulation 2014. The amendment can be made online via Taxpayer Access Point (TAP).


The regulation stated that there is no limit to the number of amendments that can be made until the due date of filing. This means you may make as many submissions and subsequent amendments before the due date. However, even if this is permissible, it raises questions about the accuracy of your GST computations and may subject you to queries by the Customs Department.


GST registrants are allowed to make one amendment only after the due date of filing. The amendment can be made within 30 days (for the monthly taxable period) or 90 days (for the quarterly taxable period). All amendments made are subject to approval.


This new regulation makes it clear how GST registrants can go about making amendments to their submitted GST Returns. As errors sometimes are only discovered after audits or subsequent checks, it will hopefully increase GST registrants’ self-compliance level in making sure the accuracy of the GST Returns.


To understand in a better way, consult a GST specialist.

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ACRA Cancels Registration of Filing Agent and Qualified Individual for AML/CFT Breaches

The Accounting and Corporate Regulatory Authority (ACRA) had cancelled the registrations of filing agent (RFA) and qualified individual (RQI) on 18 January 2024. The registrations were cancelled in view of breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) controls under the ACRA (Filing Agents and Qualified Individuals) Regulations 2015 (the “ACRA Regulations”).

Some of the basic AMT/CFT controls that a RFA and RQI are required to exercise are as follows:

(a) perform additional customer due diligence measures when a customer is not physically present during onboarding;

(b) inquiring if there exists any beneficial owner in relation to some of its customers; and

(c) perform risk assessments i

RQIs and RFAs provide corporate secretarial services for business entities, such as helping customers to incorporate companies, file annual returns and fulfil other filing requirements under the Companies Act 1967 or other Acts under ACRA’s purview. RQIs and RFAs are required to perform customer due diligence measures in accordance with the ACRA Regulations, and conduct their business in such a manner as to guard against the facilitation of money laundering and the financing of terrorism. RQIs and RFAs must also satisfy statutory requirements such as being fit and proper persons, to be registered or continue to be registered.

RQIs and RFAs who breach their statutory obligations may be subject to enforcement actions, such as financial penalties of up to $10,000 or $25,000 per breach respectively or have their registrations with ACRA suspended or cancelled.

Therefore, RQIs and RFAs play an important role in helping to detect and combat illicit activities.

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