Setting Up Malaysia Tax Code

You must enter the appropriate Malaysia's tax code in the Malaysia Tax Code field on the credit memo and invoice records. You must setup the tax code to associate your NetSuite tax codes with Malaysia tax codes. If the Malaysia tax code is not setup, an error is displayed when e-documents are processed for credit memos and invoices.

Additionally, you can also use the International Tax Reports SuiteApp to configure tax codes. For more information, see Malaysia Tax Topics.

To setup the Malaysia tax code:

1. Go to Setup > Accounting > Tax Codes.

2. Click Edit next to the required tax code record you are using for your business in Malaysia.

3. From the Malaysia Tax Type list, select one of the following tax type:

   • High-Value Goods Tax

   • Not Applicable

   • Sales Tax

   • Sales Tax on Low Value Goods

   • Service Tax

   • Tax exemption

   • Tourism Tax

   Note:

   The Malaysia tax types are sourced from the Malaysia tax codes custom record containing all tax codes related to Malaysia.

4. Click Save.

General Notices