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Sales and Services Tax Act 2018

Replacing GST with SST will ‘return RM17bil to Malaysians,’ says Guan Eng

PETALING JAYA: Replacing the Goods and Services Tax (GST) with the Sales and Services Tax (SST) will return RM17bil to Malaysians, says the Finance Minister, even as he announced a slew of cost of living measures. At a press conference Thursday, Lim Guan Eng confirmed that the GST would be zero-rated beginning June 1. “The SST

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Sales and Services Tax Act 2018

SST implementation date among key decisions made by Cabinet

PUTRAJAYA: The Pakatan Hara­pan Cabinet has made a list of important decisions during its second meeting here. They included the implementation date of Sales and Services Tax (SST), the payment of Hari Raya bonus for civil servants as well as distribution of financial aid. It also agreed to allow the market to determine the price

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Sales and Services Tax Act 2018

Malaysia can meet fiscal deficit target even after GST is removed

PETALING JAYA: The audacious move by the Pakatan Harapan government to abolish the goods and services tax (GST) may not necessarily derail Malaysia from its fiscal deficit target, as feared by many economic pundits. While credit rating agency Moody’s described the removal of the consumption tax regime as “credit negative”, several economists expect Malaysia to

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Sales and Services Tax Act 2018

SST will not kick in immediately

PETALING JAYA: The Sales and Services Tax (SST) will not kick in immediately once the Goods and Services Tax is adjusted to 0%. The implementation of the SST depends on when the Government would make a decision on it, said Customs Department director-general Datuk Seri T. Subromaniam. “But Customs will make sure the operational issues

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Sales and Services Tax Act 2018

Finance Ministry: Fiscal reform under way, SST to be re-introduced

PETALING JAYA: The fiscal reform initiative is under way following the announcement that the Goods and Services Tax (GST) will be zero-rated from June 1, says the Finance Ministry. “The shortfall from GST which is to be zero-rated effective June 1, 2018 will be cushioned by specific revenue and expenditure measures that shall be announced

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