Households are clear winners in SST trade-off, according to CIMB Research

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

CIMB Equities Research said in a note that while goods without exemptions are poised for price increases after the tax holiday, SST 2.0 would cover a narrower basket of goods and services. However, cars, selected building materials, processed food and beverage and services are not exempted.