Professional Tax Invoice Template Example - Free Download | Page 38
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ii. records or any other documents showing that you have accounted for and
paid the tax;
iii. records or any other documents, for example debtor’s aging list showing
that the consideration has not been received after 6 months from the date
of supply in the taxable person’s accounts as bad debt;
iv. records or any other documents showing that sufficient efforts have been
taken by the registered person to recover the debt, e.g. sufficient efforts
mean:
a. letter from company’s solicitor or legal action taken against the
debtor,
b. engagement and actions from credit agency,
c. bad debt has been written off,
d. reminders and repeated letters of demand from company and etc;
It is not compulsory to fulfil all the conditions above. However, merely
sending letters of demand to debtors may not be treated as sufficient effort
to recover the debt. Thus, Customs may not qualify the taxable person for
bad debt relief.
v. insolvency records such as:
a. Individual:
A letter from Department of Insolvency to notify that the debtor is
declared as adjudged bankrupt under the Bankruptcy Act 1967;
b. Company:
1. letter from Department of Insolvency; or
2. Court order for winding up under Companies Act 1965;
3. letter of appointment of receiver;
4. statement of affairs lodged with Suruhanjaya Syarikat Malaysia
to state that the assets of the company is not sufficient to cover
the payment of any debts;
5. Forms related to debtor’s insolvency such as:
source: gst.customs.gov.my
