Cautious: Pikom says sales of ICT goods are expected to slow for a short period after the GST is introduced.
The National ICT Association of Malaysia (Pikom) says it expects the sales of ICT-related products to dip in the near term due to the implentation of the Goods and Services Tax (GST) on April 1.
Due to the general uncertainty arising from the imposition of the 6% GST on technology products (currently untaxed under the current Sales and Service Tax regime), Pikom expects price hikes across a large number of hardware, software and service categories as rising cost is passed on to consumers.
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