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ON Jan 1 Malaysia implemented a service tax on digital services provided by Foreign Service Providers (FSPs) to Malaysian consumers. This is a tax framework we have seen implemented in several countries in the region, with more likely to follow
MELAKA: The scope of the Sales and Services Tax (SST) will be expanded to cover four new types of services effective March 1.
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.
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).
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.
PETALING JAYA: Will more tolls be abolished or will there be a moratorium on toll hikes for all tolled highways in the country now that Prime Minister Datuk Seri Najib Tun Razak has announced the abolition of toll for a stretch of the East-West Link Highway and a five-year moratorium on toll hikes for the Kuala Lumpur-Karak Highway and the first phase of the East Coast Highway?
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.