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Sales and Services Tax to lead to tiny price hikes, says economist

KUALA LUMPUR: The reintroduction of the Sales and Services Tax (SST) in September is likely to lead to tiny price increases in the country, lifting the Consumer Price Index (CPI) to 1.7 per cent in 2019 from the projected 1.5 per cent in 2018.


Who are winners and losers of sales and services tax

PETALING JAYA: The sales and services tax (SST) regime is likely to have an impact on the earnings of manufacturers and importers while healthcare and building material companies are among the major beneficiaries.


GST to replace sales and services tax

THIS is the first in a three-part question-and-answer series provided by PricewaterhouseCoopers for I>The Star /I>readers on various aspects of Budget 2005. The next two articles will appear in I>StarBiz /Ion Monday and Tuesday.


Finance Minister says only 43.5pct of services subject to SST

KUALA LUMPUR: Only 43.5 per cent of services will be subject to the Sales and Services Tax (SST) come Sept 1, compared with the 64.8 per cent of services which were subjected to the Goods and Services Tax (GST).


Four more types of services to be covered under SST

MELAKA: The scope of the Sales and Services Tax (SST) will be expanded to cover four new types of services effective March 1.


Customs campaign on raising awarness on sales and services tax

The Customs Department is going on a campaign to raise awareness among businesses on the sales and service taxes before coming down hard on tax noshade size=1 width=50%>


‘GST better for tax collection’

SHAH ALAM: Slightly over a month after the Goods and Services Tax was zero-rated, participants at a forum here heard that GST is still the more efficient form of tax collection than the Sales and Services Tax that is making a comeback in September.

Corporate News

UOB Kay Hian: SST seen to be mildly positive for Takaful Malaysia

PETALING JAYA: The reversion to the sales and services tax (SST) will only be mildly positive for Syarikat Takaful Malaysia Keluarga Bhd due to lower good and services tax (GST) input cost and lower medical claims expense.


New tax likely to cover more goods and services

PETALING JAYA: The new sales and services tax (SST) is likely to cover a wider range of goods and services compared with the old SST system to generate more income for the government.