SST may hike cost of doing business for several sectors

SST talk: (from left) Helmi, Ng and executive director for tax risk management Soh Lian Seng at the talk in Menara Star, Petaling Jaya.

PETALING JAYA: The re-introduced sales and services tax (SST) may likely increase the cost of doing business for several industries in Malaysia post-Sept 1, according to KPMG executive director for indirect tax practice Ng Sue Lynn.

Speaking to StarBiz after The Star’s empowerment talk on “Transitioning to SST”, she pointed out that the SST will be an additional cost for businesses in several sectors that are not exempted under the indirect tax regime.