News about SST

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.

PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.

PETALING JAYA (Aug 12): Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September.

KUALA LUMPUR (August 8): The Parliament has passed the Service Tax Bill 2018 today through voice vote, after Finance Minister Lim Guan Eng read the bill for the third time.

KUALA LUMPUR (July 23): Minister in the Prime Minister’s Department Datuk Liew Vui Keong said today that the Malaysian government hopes to table the sales and services tax (SST) bill in Parliament next week to replace the goods and services tax (GST).

KUALA LUMPUR (July 21): The proposed and impending Sales and Services Tax (SST) is more or less similar to what was previously implemented, but with some changes, tax analysts told The Edge recently.

KUALA LUMPUR (July 21): Prime Minister Tun Dr Mahathir Mohamad (pictured) is of the opinion that big-ticket items that can “generate wealth” for the country should be exempted from the impending sales and services tax (SST).

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.