Goods and Services Tax Act 2014 s 71
This legislation has been repealed. Do not cite it as law in force.
s 71 Approved Trader Scheme
(1) Subject to the prescribed conditions, there shall be a scheme to be known as the “Approved Trader Scheme” which allows the Director General to suspend the payment of tax chargeable on the goods imported by any taxable person who qualifies at the time of importation provided that the goods are imported in the course or furtherance of his business.
(2) Any taxable person granted an approval under the Approved Trader Scheme shall account the suspended payment of tax in the return for the taxable period to which the suspension relates.
Malay text (authoritative)
Skim Pedagang Diluluskan
(1) Tertakluk kepada syarat yang ditetapkan, hendaklah ada suatu skim yang dikenali sebagai “Skim Pedagang Diluluskan” yang membenarkan Ketua Pengarah untuk menggantung pembayaran cukai yang boleh dikenakan ke atas barang yang diimport oleh mana-mana orang kena cukai yang layak pada masa pengimportan dengan syarat bahawa barang itu diimport dalam penjalanan urusan atau penerusan perniagaannya.
(2) Mana-mana orang kena cukai yang diberi suatu kelulusan di bawah Skim Pedagang Diluluskan hendaklah mengakaun pembayaran cukai yang digantung dalam penyata bagi tempoh bercukai yang penggantungan itu adalah berhubungan dengannya.
Read this section in the full act → · Open Part VIII →
Find Act 762 on lom.agc.gov.my ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
