No SST on marine repair and overhaul
SIBU: Marine repair and overhaul is exempted from Sales & Service Tax (SST). In making the announcement, Sarawak Association of Maritime Industries (Samin) president Dr Renco Yong said the exemption was due to the contributions of AMIM (Association of Marine Industries of Malaysia), Samin and many other association to the maritime industry. “In addition to […]
Federal govt urged to reintroduce GST
SIBU: Deputy Minister for Public Health, Housing, and Local Government, Datuk Michael Tiang Ming Tee, has urged the federal government to reconsider the reintroduction of the Goods and Services Tax (GST). The Pelawan assemblyman said that GST offers a broader tax framework compared to the Sales and Service Tax (SST). “SST currently contributes 11 per […]
Mixed responses towards new tax rate
BY LEONG Z-KEEN KUCHING: Sarawakians in general have expressed mixed reactions towards the new Sales and Service Tax (SST) rate of eight per cent. The government’s decision to increase the SST from 6 per cent to 8 per which took effect from March 1 is said to generate a total revenue of around RM3 billion […]
8% SST for electricity applies in Sarawak
BY NOOR SYAHHIRA HADY & NURA V LORNA KUCHING: The eight per cent sales and service tax (SST) for electricity consumption over 600kWh per month applies in Sarawak. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the decision to increase the SST rate applied to all states in Malaysia with effect from Mar […]
Understanding the Impact of SST Increase
“Taxes are what we pay for civilised society, for modernity and for prosperity. The wealthy pay more because they have benefitted more,” – American historian and journalist, Jill Lepors IN a move to bolster the nation’s financial resilience and mitigate its budget deficit, the Malaysian government has implemented a significant change this month, raising the […]
Ministry aims to empower women in business amid SST increase
SIBU: The Ministry for Women, Childhood, and Community Wellbeing Development is committed to empowering women to venture into business, especially in light of the Sales and Service Tax (SST) increase from 6 per cent to 8 per cent, effective March 1. “Starting today, the SST will see an increase from 6 per cent to 8 […]
Industries told to responsibly navigate SST hike
KUCHING: Industries are urged to exercise responsibility and avoid exploiting the recent sales and service tax (SST) hike. Starting March 1, the SST rate for most services, including overseas-based digital services, will increase to eight per cent from the current six per cent. Currently, only food and beverage, telecommunications, and vehicle parking services are exempt […]
Higher SST to affect cost of weddings
MUKAH: The implementation of the sales and service tax (SST) which has increased to eight per cent will certainly affect the cost of weddings. As we know, wedding costs involve many things including catering, wedding planners and so on. For bridegroom-to-be, Mohamad Nurfitri Jaidil, 27, he and his girlfriend have carefully planned their finances as […]
Govt urged to reconsider SST on traditional meds
KUCHING: The Federal Government has been urged to reconsider its decision to impose an 8% Sales and Service Tax (SST) on physiotherapy and Traditional and Complementary Medicine (TCM) treatments, set to take effect in March 2024. Bandar Kuching MP Dr. Kelvin Yii Lee Wuen emphasises that healthcare should be viewed as an “integrated holistic ecosystem,” […]
Timber companies caught off-guard by new tax
KUCHING: Effective April 1, timber companies in Sarawak are subjected to a new sales tax (SST) ranging from 1 per cent to 2.5 per cent on the export of selected timber products. The affected timber products include plywood, fibreboard, sawn timber, veneer, particle board, and woodchips. Sarawak Timber Association (STA) chairman Datuk Henry Lau said […]
