Friday, July 11, 2008

No Service Tax

Customs announced that restaurants earning less than RM3mil annually and are not operating from hotels no longer need to charge their customers 5% service tax. (effective July 1).

Do we go back to these restaurants and ask for refund? Moving forward, how do differentiate them ; who is eligible to collect and who is not? The worrying part is most will continue to collect from the customers but may not remit the money to the Customs!

pic - oink!oink!oink! golek

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