Expert: Widening of service tax exemption scope for logistics sector a good sign

Welcome news: The government said it will widen the scope of tax exemption for the logistics sector. — Bloomberg

PETALING JAYA: The widening of the 6% service tax exemption scope for the logistics sector is vital for Malaysia’s vision of becoming the Asean transshipment hub, opined Datuk Seri Dr Michael Tio.

The PKT Logistics Group Sdn Bhd group chief executive officersaid in order to achieve this, it is imperative for the country to benchmark against Singapore.