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...
PETALING JAYA: Young adults are learning to get thrifty in their spending as they begin to feel the pinch on their wallets a week into the sales and service tax (SST) hike earlier this month. Business development consultant Timmothy Chan, 27, lamented that his monthly expenses had increased by almost 10% due to the increased prices...
PETALING JAYA: Consumers in the B40 and M40 groups will be affected by the increase in the Sales and Service Tax (SST) despite being exempted directly, says says Datuk Seri Dr Wee Ka Siong The MCA president said that although those who use less than 600 kWh a month in electricity would be exempted from SST,...
PETALING JAYA: Traditional and complementary medicine (TCM) services are crucial parts of our healthcare system and should not be taxed, says Datuk Seri Dr Wee Ka Siong (pic). The MCA president urged the government to withdraw its plan to introduce a sales and services tax (SST) for TCM, including massage and physiotherapy services. "Be it TCM treatment...
KOTA KINABALU: The introduction of an 8% tax on traditional and complementary medicine (TCM) services would encourage underground practices and quacks, says Dr Pamela Yong (pic). The MCA deputy secretary-general said the new tax would adversely affect its integration into general healthy living. She said in a move to increase coffers and revenue, it seems that the...
