News About Goods and Services Tax

Food outlets with less than RM1m revenue exempt from service tax, Guan Eng says

Aug 08

KUALA LUMPUR (Aug 8): Food outlets such as those selling roti canai, nasi lemak (pictured) and nasi goreng, and earning less than RM1 million annual revenue would be exempted from tax under the proposed Service Tax Bill 2018, said Finance Minister Lim Guan Eng.

SST Bills tabled in Parliament for first reading

Jul 31

KUALA LUMPUR (July 31): The Federal government tabled the Sales Tax Bill 2018 and Services Tax Bill 2018 (SST Bills) for their first reading in the Dewan Rakyat today.

Finance minister: Luxury goods should be subject to SST

Jul 20

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.

SST 2.0 will be much simpler, filing to be done electronically, says Customs D-G

Jul 19

KUALA LUMPUR (July 19): Royal Malaysian Customs Director-General Datuk Seri Subromaniam Tholasy (pictured) said today that the comeback of the sales and services tax (SST) come Sept 1, deemed "SST 2.

No major changes seen in new SST regime

Jul 19

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.

Hillcrest Gardens reduces Hillcrest Heights condo price by 3% immediately

May 17

PETALING JAYA (May 17): Hillcrest Gardens Sdn Bhd today announced that with immediate effect, selling prices of its latest development, Hillcrest Heights @ Taman Puchong Utama, will be adjusted downwards by 3% to reflect the savings from the zero-rated Goods and Services Tax (GST) announced yesterday by the new government.

More malls consolidation expected this year

Feb 11

KUALA LUMPUR (Feb 10): Property consultancy firm Rahim & Co highlights the possibility of more consolidation of the Klang Valley's retail space this year as more malls are launched, contributing to a growing glut in the sector.