Annual Dinner Sponsorship RM500 To Customer

Give annual dinner sponsorship RM500 to customer. Need to issue invoice or not? What is the tax code?
Does gift rule apply to this?

Asked on February 8, 2018 2018-02-08 04:01:01 Consumer (消费者)
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1 Answer(s)

Sponsorship payment which involves the sponsor receiving clearly identifiable benefits in return, either in terms of advertising and publicity is a consideration for any supply. Tax code is SR for supply and TX for purchase.

On the other hand, if the sponsorship does not involve any identifiable benefits in return, then the sponsorship payment is not a consideration for the supply.  Tax code is OS for supply and OP for purchase.

Answered on February 8, 2018. 2018-02-08 09:03:10
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