Taxable Period

Taxable period is a period where a taxable person is liable to account and pay tax to the goverment his GST Liability.

The standard taxable period is on a quarterly basic but a person may apply or be allocated monthly or half yearly taxable period. Taxable period are proposed as follow

1.Category A - Monthly Submission of GST Return - Non Standard taxable period of 1 month for taxable person with annual taxable tunover exceeding RM5 million or any export based traders who may suffer cashflow problems if they file their returns on a quarterly basic subject to approval.

2.Category B - Quartely Submission , standard taxable period of 3 month for all taxable person with annual taxable turnover not exceeding RM5 million

3.Category C - Half yearly Submission , Non standard taxable period of 6 month in special cases subject to approval.

A taxable person may after being assigned a category apply in writting to the Director General to be assigned to any other category at the absolute discretion of the DG.