KUALA LUMPUR (August 24): With a week to go before the Sept 1 implementation of the new sales and service tax (SST), manufacturers yesterday called on the government to address the goods and services tax (GST) input tax refunds conundrum before imposing the SST.
PUTRAJAYA (Aug 17): The recent announcement of the Sales and Service Tax (SST) exemption for major building materials and construction services might not have significant impact on property prices, especially for residential property, according to the Real Estate and Housing Developers’ Association (Rehda).
KUALA LUMPUR (Aug 17): The reintroduction of the sales and services tax (SST) on Sept 1 is not expected to have a significant impact on inflation as seen by the introduction of the goods and services tax (GST) back in April 2015, Bank Negara Malaysia says.
KUALA LUMPUR (Aug 17): Malaysians will now have to prepare to pay various new taxes to be imposed by the PH government due to the abolition of goods and services tax (GST), former Prime Minister Datuk Seri Najib Razak (pictured) said.
KUALA LUMPUR (July 20): The goods to be exempted from the Sales and Service Tax (SST), which include big-ticket items, posted on the Royal Malaysian Customs Department’s website, are still at the proposal stage, Bernama reported today.
The new sales tax and service tax (SST) implementation models were presented by the Ministry of Finance on July 19, 2018.
KUALA LUMPUR (July 20): Expectations of higher income, greater employment and low inflation catapulted Malaysia’s consumer sentiment index (CSI) to a 21-year high of 132.
KUALA LUMPUR (Jul 19): The upcoming sales and services tax (SST) will only be imposed on 38% of the Consumer Price Index (CPI) basket of goods, as compared to 60% by the goods and services tax (GST).
KUALA LUMPUR (July 19): The sales and services tax (SST) to be reintroduced on Sept 1 is not expected to be significantly different from the one previously in place based on the government’s projection of full-year takings, according to tax experts.
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