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Households clear winners in SST trade-off, says CIMB Research


  • Economy
  • Friday, 20 Jul 2018

While goods without exemptions are poised for price increases after the GST tax holiday, SST 2.0 covers a narrower basket of goods and services.

While goods without exemptions are poised for price increases after the GST tax holiday, SST 2.0 covers a narrower basket of goods and services.

KUALA LUMPUR: Households are the clear winners in the trade-off under the proposed Sales and Service Tax (SST) which will be reintroduced on Sept 1, as they will receive RM23bil in disposable income through reduced tax collection. 

CIMB Equities Research said on Friday that while goods without exemptions are poised for price increases after the GST tax holiday, SST 2.0 covers a narrower basket of goods and services. However, cars, selected building materials, processed F&B and services are not  exempted.

Economy

   

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