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Tax Code Assignment for Stamps

Postage and stamps are monopoly of POS Malaysia Berhad. POS Malaysia announced new operation for postage and stamps recently. Therefore the tax code assignment has to apply according to new changes.

POS Malaysia Announcement

Effective Date Stamps and Postage GST Treatment Tax Code Assignment as Recipient
Until 30/09/2016 Suply Given Relief ZP > RP
From 01/10/2016 Domestic Stamps - Standard Rated TX
From 01/10/2016 Internation Stamps - Zero Rated ZP

 

 

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GST System Changes