GST zero rated from June 1


A young boy poses with a poster asking for the GST to be abolished during a May Day rally in Kuala Lumpur on May 1, 2014.

KUALA LUMPUR: The Goods and Services Tax (GST) will be set at zero percent beginning June 1, 2018, says the Finance Ministry.

In a statement, the Ministry said that the reduction of the rate from the current 6% to 0% will be implemented nationwide until a further announcement is made.

This decision does not include goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempted from GST.

"As such, all registered traders must follow the decision of the zero rate now. At the same time, registered businesses are still subjected to all current regulations," said the Ministry.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Nation

Ismail Sabri: Condo management have no authority to compound residents who violate SOP
'I'm fine, vaccine is safe, ' says Muhyiddin a day after inoculation
New environmental issues in the new norm, says PM at Hibiscus Awards
Tapir wanders into school in Kuantan as students sit for SPM paper
Cops nab four over armed robbery at shop selling luxury items
No open houses and visits, Sabahans celebrating Chap Goh Meh reminded
Health Ministry: 18 Covid-19 clusters end, eight new ones emerge
MCO violators face up to RM10,000 fine under amended Emergency Ordinance from March 11
Dams and parks under Penang Water Supply Corp to reopen from Friday
JB workshop raided for selling gas cylinders without a licence

Stories You'll Enjoy


Vouchers