More time needed to grasp SST 2.0, say businesses
KUALA LUMPUR (August 23): They may be the reintroduction of previously imposed single-tier taxes, but the new sales tax and service tax — collectively referred to as “SST 2.
Rehda: SST exemption might not reduce house prices significantly
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).
Will the SST will bring down property prices? Experts weigh in
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.
No SST for construction services and building material costs
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.
Parliament passes Service Tax Bill 2018
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.
Food outlets with less than RM1m revenue exempt from service tax, Guan Eng says
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.
Prasarana to set aside RM90m for new ferries, ferry upgrades
KUALA LUMPUR (Aug 2): Prasarana Malaysia Bhd plans to allocate RM90 million to upgrade Penang’s ferry service facility and to buy new ferries, according to Transport Minister Anthony Loke.
SST Bills tabled in Parliament for first reading
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.
Malaysia to table SST bill in Parliament next week
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).
Proposed SST ‘more or less similar’ to what was previously implemented, say analysts
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.
