There will be no sales tax on RON95, RON97 and diesel fuels for now, but the situation may change if fuel prices fall, Royal Malaysian Customs Department director-general Subromaniam Tholasy announced today.

During a briefing on the sales and services tax (SST) scheme that is to be implemented on Sept 1, Subromaniam said oil refineries will nonetheless be required to register with the department.

“The reason is that crude oil prices are very high. At a time when crude oil prices are very low, then there is a possibility that a tax may kick in. We don’t know when, maybe in a few years’ time,” he said...