Malaysiakini News

SST to be set at 6pct for services, 10pct for sales

Bernama  |  Published:  |  Modified:

The provision of services will be taxed at six percent under the reintroduced sales and services tax (SST), while the sales of goods will incur a 10 percent tax, Finance Minister Lim Guan Eng said today.

He said the SST bill was expected to be passed in August during the current parliamentary sitting and would be implemented in September.

“The SST will be reintroduced on Sep 1, and bring in a projected revenue of RM4 billion,” he said at the launch of the National Tax Conference 2018 in Kuala Lumpur on Monday.

-Bernama

Sign in


Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew