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Business

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).

Business

Service tax – paradigm shift needed to push for growth of services sector

On every Monday and Wednesday leading up to Budget 2010 announcement, PricewaterhouseCoopers will discuss tax issues to help Malaysia achieve its objective of becoming a high-income society.

Business

2007 GST to be broad-based

Today we publish the first of a series of four weekly articles on the issue related to goods and service tax (GST) and its impact on selected industries and services. In the first instalment, Bhupinder Singh discusses the impact of the tax on financial institutions in Malaysia.

Business

GST and input tax incurred

The goods and services tax comes into effect on Jan 1, 2007. Through this cooulmn PricewaterhouseCoopers senior executive director Wan Heng Choon (pic) gives an insight on this tax.

Business

SST and its impact on Budget 2019

IT is now almost two months since the heavily debated Sales Tax and Service Tax (SST) was reintroduced in Malaysia. The new tax regime replaces the goods and services tax (GST) after just three years of its launch, and is touted as a friendlier and more painless tax system for the rakyat.

Business

Gearing GST towards public acceptance

GOODS and Service Tax (GST) is tax on what is spent and not on what is earned. Earlier on March 30, 2010, Prime Minister Datuk Seri Najib Tun Razak unveiled the New Economy Model (NEM) and it recognises that a wider tax base is an important part of reforms, where the introduction of GST is a key component. It was reported that a more diversified tax base is needed to compensate for an expected future reduction in the share of revenue from oil and gas.

Nation

No SST for essential items

PETALING JAYA: The Customs Department has proposed exemptions on a long list of consumer goods including poultry, fish, milk, vegetables and various types of sugar when the Sales and Service Tax is reintroduced.

Nation

Exemption of RPGT, Service Tax from Jan 1, 2019

KUALA LUMPUR (Bernama): The government has agreed to exempt the real property gains tax (RPGT) to individual Malaysian citizens who dispose of their properties at a consideration price of RM200,000 and below.

Nation

Producer of goods concerned that costs will increase

PETALING JAYA: The Federation of Malaysian Manufacturers says if the range of taxable products is broadened under the Sales and Service Tax, the cost to manufacturers and importers will increase.