Symptom
With effect from January 1, 2024, Malaysia plans to impose the sales tax on low value goods (LVG) that are no more than RM500 and sold online and delivered to consumers in Malaysia via land, sea, or air. The sales tax rate for LVG is 10%.
There are no tax codes about LVG in the generated MY SST Report.
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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 , KBA , FI-LOC-FI-MY , Malaysia , How To
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