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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.
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.
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).
MELAKA: The scope of the Sales and Services Tax (SST) will be expanded to cover four new types of services effective March 1.
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 evaders.hr noshade size=1 width=50%>
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.
PETALING JAYA: The Goods and Services Tax (GST) regime will only work well in a developed country where the disparity of income is not wide and the nation shares a single culture and common education system, according to a taxation expert.