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Customs Dept In The Process Of Selecting Tourist Refund Scheme Agent
He said these agents would identify outlets with which they want to forge joint-partnerships to set up TRS ahead of the Goods and Services Tax (GST) which will be implemented on April 1, 2014.
"Once the outlets have identified, tourists can go to that particular outlet to buy duty-free goods.
"And when they take the duty-free goods out of the country, they are able to claim the refund, which will be paid by the TRS agent," he said in his presentation on "Impact of GST on Tourism-Related Industries," moderated by Bernama Economic Service, Acting Deputy Editor-in-Chief Mikhail Raj Abdullah, at the National GST Conference 2014.
The two-day conference themed, "Transforming Malaysia Into a GST-Compliant Economy" is jointly organised by Bernama and Tax Advisory and Management Services Sdn Bhd (TAMS).
Tan said the TRS would encourage spending by foreign tourists in the country as well as develop Malaysia into a more attractive tourist shopping destination.
"Only tourists who travel via air are eligible for the TRS and they must spend at least RM300 inclusive of tax in an outlet or different outlets of a particular brand," he said.
Meanwhile, on the entertainment industry, Tan said services provided by operators after April 1 next year would be subject to GST at a standard rate of 6.0 per cent.
He said admission fee meant for entertainment industry will be levied on the net ticket price excluding entertainment duty.
"For example, an operator selling theme park tickets after April next year, must make sure he charges GST.
"With the provision (as stated in GST legislation), these theme parks and entertainment outlet operators can include GST in their pricing when they charge customers for the supplies you give to them after April next year," he added.
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