Coming Soon: New "Tax Identification Number (TIN)" Field In MHub Showroom
MHub Showroom will announce the new "Tax Identification Number (TIN)" field in our booking form. This update simplifies your sales workflow and ensures compliance with the latest Malaysian government regulations.
Here's why the new TIN field is a win-win:
Capture TINs seamlessly: The dedicated TIN field lets you collect it right during bookings, saving valuable time and streamlining your sales process.
Effortless Validation, Instant Confidence:
MHub seamlessly integrates with LHDN to perform real-time validation on any entered TIN. This quick and automatic process provides immediate feedback on the TIN's validity, giving you peace of mind and the confidence to close deals faster. Eliminate the need for manual checks and potential delays caused by incorrect information. With MHub, you can be assured of accurate data and a smoother sales experience.
Flexible Booking Workflow to Suit Your Style
Work your way: MHub adapts to you! Choose whether to collect and validate TINs at the time of booking or gather them afterwards. This flexibility lets you personalize your workflow and further optimize your sales cycle.
Deep Dive into the Importance of TINs:
The TIN field goes beyond streamlining your sales. Here's a deeper look at its significance:
Compliance with Malaysian Regulations: The Malaysian government mandates businesses to collect and report TINs for accurate tax purposes. This update ensures your business operates in full compliance.
Accurate Tax Reporting: TINs are crucial in identifying taxpayers and simplifying tax reporting. This ensures smooth and efficient tax filing processes.
Facilitates Smooth Transactions: Collecting TINs upfront during bookings prevents delays and discrepancies. All necessary tax-related information is readily available, streamlining the entire transaction process.
Apply for a TIN at your nearest LHDN office if unavailable online.
For Foreigners:
Visit the LHDN office to apply for a TIN.
Consult with a tax advisor for assistance with the application process.
Temporary Values: If a purchaser is unable to provide their TIN, you can use the following temporary values:
Local Purchasers: EI00000000010
Foreign Purchasers: EI00000000020
Embrace Streamlined Sales and Enhanced Compliance!
The new TIN field empowers you with a faster, more efficient sales process while ensuring compliance with Malaysian regulations.
By working together, we can achieve smoother transactions and accurate tax reporting. Don't hesitate to contact our dedicated support team for any further inquiries!