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The Goods and Services Tax ( GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
A value-added tax ( VAT or goods and services tax ( GST ), general consumption tax (GCT) ), is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the consumer who ultimately bears the burden of ...
The Malaysian Electronic Payment System ( MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet) . With the result of the merger, PayNet is now the holding company for the PayNet Group which ...
The Malaysian identity card (Malay: kad pengenalan Malaysia) is the compulsory identity card for Malaysian citizens aged 12 and above. The current identity card, known as MyKad, was introduced by the National Registration Department of Malaysia on 5 September 2001 as one of four MSC Malaysia flagship applications and a replacement for the High Quality Identity Card (Kad Pengenalan Bermutu ...
Merchant category code. A Merchant Category Code ( MCC) is a four-digit number listed in ISO 18245 for retail financial services. An MCC is used to classify a business by the types of goods or services it provides.
First issued. 1966; 58 years ago. ( 1966) The National Registration Identity Card ( NRIC ), colloquially known as " IC " ( Malay: Kad Pengenalan Pendaftaran Negara; Chinese: 身份证; pinyin: Shēnfèn Zhèng; Tamil: அடையாள அட்டை ), is a compulsory identity document issued to citizens and permanent residents of Singapore. [1]
The identification number has 8-digit standard format: NNNNNNN (N), where N is a numeric digit 0–9. The first numeric digit N has special meaning, and it can be one of the following digits: '1', '5' or '7'. '1': The first-time date of issuance of ID card to the bearer was 1992 or later.
A Taxpayer Identification Number ( TIN) is an identifying number used for tax purposes in the United States and in other countries under the Common Reporting Standard. In the United States it is also known as a Tax Identification Number ( TIN) or Federal Taxpayer Identification Number ( FTIN ). A TIN may be assigned by the Social Security ...