Jitrah Sdn Bhd is a Malaysia tax resident company. Jitrah is registered under sales tax. Jitrah...

 

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Jitrah Sdn Bhd is a Malaysia tax resident company. Jitrah is registered under sales tax. Jitrah import taxable goods for RM450,000 from Brunei to use in its business on 5.04.2020, The import duty is 10% and sales tax is 10%. Jitrah issued an invoice for RM250,000 for the supply of healthy food (manufactured goods) to Big Sdn Bhd on 11.06.2020. Jitrah receive the full payment on 1.5.2020. The sales tax rate on healthy food is 5%. b(i) Calculate the sales tax payable by Jitrah Sdn Bhd for goods imported from Brunei. b(i) If Jitrah Sdn Bhd was not registered for sales tax purposes, discuss whether your answer to requirement (b)(i) would differ c(i) Calculate the sales tax payable and - total invoice amount on the goods sold by Jitrah Sdn Bhd e(ii) State the taxable period the sale by Jitrah Sdn Bhd should be accounted for, state the due date to remit the sales tax to RMCD. Jitrah Sdn Bhd is a Malaysia tax resident company. Jitrah is registered under sales tax. Jitrah import taxable goods for RM450,000 from Brunei to use in its business on 5.04.2020, The import duty is 10% and sales tax is 10%. Jitrah issued an invoice for RM250,000 for the supply of healthy food (manufactured goods) to Big Sdn Bhd on 11.06.2020. Jitrah receive the full payment on 1.5.2020. The sales tax rate on healthy food is 5%. b(i) Calculate the sales tax payable by Jitrah Sdn Bhd for goods imported from Brunei. b(i) If Jitrah Sdn Bhd was not registered for sales tax purposes, discuss whether your answer to requirement (b)(i) would differ c(i) Calculate the sales tax payable and - total invoice amount on the goods sold by Jitrah Sdn Bhd e(ii) State the taxable period the sale by Jitrah Sdn Bhd should be accounted for, state the due date to remit the sales tax to RMCD.

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bi sales tax payable by jitrah sdn bhd for imported goods Purchase price RM 450000 Tax ... View the full answer