Rehda case study on SST to be unveiled soon
SHAH ALAM (Sept 21): The Real Estate and Housing Developersʼ Association (Rehda) is conducting a case study on building costs after the implementation of the Sales and Service Tax (SST) regime.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
75% of shops & eateries not subject to SST after turnover threshold raised
KUALA LUMPUR (Sept 12): Seventy-five per cent of shops and restaurants are not subject to the new tax system that replaced the goods and services tax (GST), following the increase of annual turnover threshold for the sales and services tax (SST) to RM1.
Pesona Metro active, up 5.88% on bagging job to build apartments
KUALA LUMPUR (Sept 5): Pesona Metro Holdings Bhd rose 5.
Meagre savings from SST exemptions unlikely to lower house prices, says property developer
PETALING JAYA (Aug 24): The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.
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.
