About 97% of goods will be taxed under expanded SST, says Dr Wee

PETALING JAYA: About 97% of goods in the market will be taxed once the expanded Sales and Services Tax (SST) comes into effect on July 1, increasing pressure on the public, according to Datuk Seri Dr Wee Ka Siong. The MCA president stated that under the new scheme, thousands of products previously exempt from SST would...

Expanded SST will not affect basic services, say banking associations

PETALING JAYA: Banking associations have reassured the public that the upcoming expansion of the service tax which on July 1, 2025, will not affect commonly used basic banking services. "Basic banking services that involve fees or commissions such as those related to current accounts (cheque accounts), savings accounts, or similar accounts, including e-wallets, are not subject...