Govt expected to generate RM3.45bil additional revenue from service tax

KUALA LUMPUR: The government is expected to collect additional revenue amounting to RM3.45 billion from the expansion of the scope of service tax and the increase in the service tax from six per cent to eight per cent, according to the Finance Ministry.

The ministry said this in a written reply posted on the Parliament website today in response to a question from Ahmad Fadhli Shaari (PN-Pasir Mas) regarding the increase in national revenue when the new service tax rate comes into effect on March 1.