Remove compliance Remove Payment Methods Remove Telecommunications
article thumbnail

What is the Malaysia Sales and Service Tax (SST)? Answer: Single-Stage Taxes Levied on Taxable Goods and Services

FastSpring

Each has their own registration, compliance, and remittance processes. Foreign service provider (FSP): a person outside of Malaysia providing any digital service to a consumer. You can read more about the SToDS via the Royal Malaysia Customs Department website. A product can only be taxed once. Do I need to pay Malaysia SST?

article thumbnail

How to Navigate Thailand’s New VAT Requirements for Sales of Digital Products and Services

FastSpring

To track compliance with this new regime, Thailand’s Revenue Department is maintaining a public list of non-resident digital businesses that register for VAT. online games, web and mobile applications, software). Learn more on Thailand’s VAT for Electronic Service (VES) via the official Thailand Revenue Department website.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

As a business owner, you engage in many daily transactions, from receiving customer payments to paying your bills and suppliers. But cash and checks are rapidly declining as preferred modes of payment. Brainy Insights valued the digital payments market at $102.60 billion in 2022 and estimated it to reach $510.30

article thumbnail

Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Payment processing surcharge.

article thumbnail

FSM Software: 7 Growth Tips for Field Service Management Software Providers

Stax

While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. Integrating an all-in-one payment processing solution could help FSM software providers beat their competitors.

article thumbnail

What is the Malaysia Sales and Service Tax (SST)? Answer: Single-Stage Taxes Levied on Taxable Goods and Services

FastSpring

Each has their own registration, compliance, and remittance processes. Foreign service provider (FSP): a person outside of Malaysia providing any digital service to a consumer. You can read more about the SToDS via the Royal Malaysia Customs Department website. A product can only be taxed once. Do I need to pay Malaysia SST?

article thumbnail

Key Definitions in Subscription Billing: Demystifying the Jargon

Blulogix

Example: An online magazine uses subscription management software to handle new sign-ups, billing, and customer inquiries. Example: A cloud storage provider charges customers based on the amount of data they store each month. Importance: Effective dunning processes are crucial for reducing involuntary churn due to payment failures.