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.

“The coverage of the new SST, especially the service tax, would likely widen due to the narrow scope of the old SST.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Malaysia's manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth - S&P Global
DBS quarterly results trounce forecasts, another record year expected
Ringgit opens slightly lower against US$ as Fed leaves rate unchanged
F&N sees strong consumer demand
Soft start on Bursa following Fed comments
Trading ideas: Duopharma, Bursa Malaysia, SEGi, Capital A, Rimbunan Sawit, Tasco, Atrium REIT, KSL, GUH, Mentiga and F&N
Domestic demand to galvanise GDP in 2Q
Recto pegs 1Q GDP growth at below 6%
Versa introduces enticing rewards for users
S’pore manufacturing, services firms upbeat about next two quarters

Others Also Read