daim zainuddin starfilepic

A tax holiday for Malaysians? SST to come into effect only in 2-3 months, says Daim

KUALA LUMPUR: Malaysians may enjoy a short tax holiday of some kind, with the Sales and Services Tax (SST) only expected to be reintroduced in the next two to three months, according to Tun Daim Zainuddin.

The Government had earlier promised to set the Goods and Services Tax (GST) at zero-percent from June 1 onwards.

But SST will only be reintroduced later, since it will require legislation to be passed in Parliament.

“SST will be implemented soon,” Daim told reporters at Menara Iham here on Friday.

Daim, part of the Council of Eminent Persons established by Pakatan Harapan soon after it won the general election, said the Government expected to collect about RM30bil annually from SST.

Source/ Reference: https://www.thestar.com.my/news/nation/2018/05/18/a-tax-holiday-for-malaysians-sst-to-come-into-effect-only-in-2-to-3-months/ (As at 18.5.2018)

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Related Posts

How to make Mom into Supermom

Life is a constant balancing act. Especially true for the working moms. I can vouch for this; I am a mother of two little princesses. Trying to juggle our career, duties as a wife, plus relations with inlaws, and the responsibilities to our children can be challenging and overwhelming.  Here’s a compilation of the tips

How to Survive an IRB Audit

As the saying goes, it’s best to hope for the best but be prepared for the worst. Let’s look at a few things which will trigger and audit, so you can be well-prepared if you’re chosen for an audit.

Happy labour day 2022

HAPPY LABOUR DAY Yippy…​ It is long holiday! Labour Day 1 May 2022 Hari Raya 3 – 4 May 2022 School Holiday 2 – 5 May or 3 – 6 May This past 2 months has been filled with  Ukraine War and Basikal Lajak It is sad to see and hear what’s happening. The skyrocketing

Scroll to Top