Publicparking.jpg

PETALING JAYA (Oct 8): Majlis Perbandaran Pulau Pinang (MBPP) will absorb the 6% charge from the Sales and Service Tax (SST) imposed on parking fees for council lots, reported The Star.

This means parking coupon prices will remain the same, said MBPP mayor Datuk Yew Tung Seang.

The council will pay an average of RM36,000 per month in SST, he said.

Previously, MBPP also bore the cost of the Goods and Services Tax (GST) imposed on parking fees at the council lots.

The SST came into effect in September, replacing the GST which was zero-rated in June.

Under the SST, eligible services are taxed 6% while sale of goods are taxed at 10%, whereas thee GST, which is a value-added tax, imposed a 6% levy on all eligible goods and services.

SHARE
RELATED POSTS
  1. INFINITY8 to open its first coworking space in north Malaysia in 3Q2024
  2. Ancubic Group unveils sales gallery and breaks ground for A-Park Batu Kawan in Penang
  3. Chow: PDC developing three industrial parks with total investment of RM3.2b