SAP Knowledge Base Article - Preview

3425106 - How to Cover Sales Tax on Low Value Goods

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 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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