Impact of SST

PETALING JAYA: The reintroduction of the sales and services tax (SST) in September this year will see lower prices of goods in general, but there could be a potential spike in the prices of some items, including the cost or charges for services rendered.

Tax Advisory and Management Services Sdn Bhd tax consultant Yong Min Jie told StarBiz that the sales tax is based on the manufacturing cost or import cost and if the sales tax was based on the earlier tax rate of up to 10%, then the prices of goods would come down.

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