PETALING JAYA: With the national service tax rate having been upped by two percentage points to 8% from March 1, concerns are undoubtedly raised in the minds of Malaysians about how this would affect the pricing of goods and services going forward.
The service tax increase was among a slew of taxes and planned tax hikes this year that have been and will be introduced by Putrajaya including the low-value goods tax (LVG), digital goods tax (DGT), capital gains tax (CGT) and the high-value goods tax (HVG).
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