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.
PM: Big-ticket items that 'generate wealth' should be SST-exempted
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).
Finance minister: Luxury goods should be subject to 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.
Service tax of RM25 on credit cards proposed as part of 'SST 2.0'
KUALA LUMPUR (July 19): Service tax on credit or charge cards, which was scrapped when the goods and services tax was implemented back in 2015, has made its way back in the proposed new model for the sales and services tax (SST), which is deemed SST 2.
SST 2.0 will be much simpler, filing to be done electronically, says Customs D-G
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.
