Trading Of Motor Vehicle Spare Parts Companies in Malaysia

Motor vehicle spare parts companies in Malaysia are required to obtain a trading license from the Ministry of International Trade and Industry in order to operate. The license is valid for one year and must be renewed annually.

These companies are also subject to the Malaysian Goods and Services Tax (GST). GST is a value-added tax that is levied on the import and supply of goods and services in Malaysia. The standard rate of GST is 6%, and it is imposed on the sale of motor vehicle spare parts in Malaysia.

In order to obtain a trading license, motor vehicle spare parts companies in Malaysia must submit an application to the Ministry of International Trade and Industry. The application must include the company's business plan, financial statements, and a list of the company's directors and shareholders.

The company must also have a registered office in Malaysia. Once the company is registered, it will be issued a trading license. The company must then display the license at its premises.

Motor vehicle spare parts companies in Malaysia are required to comply with the rules and regulations of the Ministry of International Trade and Industry. These companies are also subject to inspection by the Malaysian Customs Department.