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31 MARCH 2015, BY
The Goods and Service Tax (GST) Act 2014 comes into effect on 1 April 2015, replacing the current sales and service tax. GST is a broad based tax on consumption imposed on the supply of goods and services that are taxable, made in Malaysia, made by a taxable person and in the furtherance of business. GST is also imposed on the importation of goods (except covered by specific import relief or GST suspension schemes) and on imported services into Malaysia.
Penang Port Sdn Bhd (PPSB) is registered for GST with the Royal Malaysian Customs Department and our GST registration number is 002103001088. Being a GST registrant, we will be entitled to impose and recover GST for services & goods that are subjected to GST.
For your information, PPSB is categorised as a mixed supplier. Being a mixed supplier, we will have supplies and services that are standard-rated (6%), zero-rated and exempt.
As a port operator, supplies of services relating to the loading, unloading, handling or storage of goods carried or to be carried in a ship is subject to zero-rated based on the Zero-rated Supply Order 2014 released by the Government of Malaysia.
Our supplies and services that are standard rate are such as activities related to our depot (ODD), rental of warehouses and offices (including those in Free Zone area), utilities (water, electricity, etc) and other miscellaneous charges and income i.e. scrap sales, sales of assets, sales of entry sticker and entry pass.
Our ferry operation plying between the island and mainland falls under the public transportation category and hence is an exempt supply.Whilst the above is not exhaustive, please kindly refer to our Finance Department for the GST rates applicable to the services we render to you.
The above may change at any time subject to directives by the relevant authorities.