EP code still available?

  1. What is the tax code for the medical only with receipt? still under EP code?
    But GST compliance is no more EP code there, please advise.
  2.  What is the suitable tax code for BA interest/bank interest charges? normally charge it as EP Code.
    Thank you in advanced.
Asked on April 25, 2018 2018-04-25 04:03:05 Consumer (消费者)
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2 Answer(s)

EP is group under ZP.  Please refer the latest amendment as at 5 February, 2018 as below :

Tax Code: ZP  –  Tax rate @ 0%

This refers to goods and services purchased from GST registered suppliers whereas GST is charged at zero-rated or not subject to GST. This is also commonly known as zero-rated purchases. This purchases are including;
a) zero-rated purchase as prescribed in GST (Zero-Rated Supply) Order 2014.
b) an exempt supply are prescribed in GST (Exempt Supply) Order 2014.
c) purchase of goods which given relief from charging and payment of GST. Example for this tax code are purchase of RON95 petrol, diesel and other relief supply that been given relief from GST as prescribed under GST (Relief) Order 2014.
d) purchase transactions which disregarded from charging and payment of GST under GST legislations. Examples, purchase within GST group registration, purchase made within a Warehouse Scheme & others disregarded supplies and etc.

Answered on April 25, 2018. 2018-04-25 05:20:45
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Appreciated for your reply. Thank you.

Answered on April 25, 2018. 2018-04-25 06:18:17
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