Maybank IB said the SST on construction services from July 1, 2025 will add pressure to property developers’ margins for ongoing (sold) projects.
PETALING JAYA: Property developers’ operational costs could rise following the government’s move to impose a 6% sales and service tax (SST) on construction services.
Effective July 1, 2025, construction services for infrastructure, commercial and industrial buildings will be subject to a 6% service tax if the taxable value exceeds RM1.5mil annually.
