KUALA LUMPUR: Consumers may soon be paying significantly more for imported fruits following a series of cost increases from July 1, traders say. Kuala Lumpur Fruits Wholesalers Association president Chin Nyuk Moy said importers were bracing to get hit on three fronts: a 5% sales and service tax (SST) on imported fruits, a 30% increase in...
PETALING JAYA: Refined sugar, commonly known as white sugar, will remain untaxed under the revised sales and service tax (SST) framework set to take effect from July 1, says the Finance Ministry. Addressing concerns raised by manufacturer MSM Malaysia Holdings Berhad, the ministry said the government's targeted taxation approach would ensure that essential goods including sugar,...
PETALING JAYA: The expansion of the Sales and Service Tax (SST), initially slated for May this year as announced in Budget 2025, will be implemented at a later date, says a Finance Ministry spokesman. “The ministry has completed its nationwide engagements with multiple industries to finalise the scope of the expansion and the applicable tax rates. ALSO...
PETALING JAYA: The expansion of the Sales and Service Tax (SST), initially slated for May this year as announced in Budget 2025, will be implemented at a later date, says a Finance Ministry spokesman. “The ministry has completed its nationwide engagements with multiple industries to finalise the scope of the expansion and the applicable tax rates. ALSO...
KUALA LUMPUR: The enhancements to the Sales and Service Tax (SST), effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan. He said this represents an additional revenue of RM5 billion over the current SST collection forecast of RM46.7...
