SAP Knowledge Base Article - Preview

3425002 - How to Cover the Service Tax Rate Changes 2024

Symptom

As announced in Malaysia 2024 Budget, with effect from March 1, 2024, the service tax rate is raised from 6% to 8% for the taxable services and the scope of taxable services has been expanded to include four additional taxable services.

The following taxable services are the exceptions to the tax raise, which means that their tax rate will still be 6%.

  • Food and beverage services
  • Telecommunication services
  • Vehicle parking space services
  • Logistics services (prescribed as taxable service only from March 1st, 2024)

This note provides a guide to the adoption of this change in the current SAP solutions.


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Environment

SAP S/4HANA Cloud

SAP S/4HANA

Product

SAP S/4HANA Cloud Public Edition all versions ; SAP S/4HANA Cloud all versions ; SAP S/4HANA all versions

Keywords

SAP Document and Reporting Compliance, DRC, Malaysia, SST Report, Sales Tax, Low Value Goods, LVG-02, Service Tax, Tax Rate Change , KBA , FI-LOC-FI-MY , Malaysia , How To

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