A balancing act for SST


The implementation of expanded SST has to consider the transitional rules, which allow for exemptions on contracts that straddle the implementation date.

After a two-month delay, the government has announced that the targeted revision of the sale tax rate and expansion of the service tax scope will be implemented on July 1.

A grace period is given for companies to comply with the newly revised sales and service tax (SST), with no prosecution or penalties to be imposed until Dec 31.

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