Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News MoF: SST Is Selective, To Have 5% And 10% Categories MoF: SST Is Selective, To Have 5% And 10% Categories Auto News Eric | July 18, 2018 01:28 pm Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be reintroduced on 1 September this year.The statement by Lim sad that SST will be imposed to selected manufactured and imported items, which will carry two different rates: 5% or 10%.“The 6% service tax applies to selected services and not all services, unlike the goods and services tax (GST),” he told The Edge.Lim also told The Edge that the sales tax is imposed on manufacturers’ and importers’ price, while GST was imposed on the final consumer price and it is not correct to claim that the 10% sales tax is higher than the 6% GST.“How could the SST burden the people more than the GST when the expected collection from the SST is estimated at only RM21 billion for a full year, while the GST had expected to collect RM44 billion in 2018, according to the previous government’s projection,” he added.The Finance Minister also mentioned that the new SST is designed in a way that the impact towards the lower income group would be ‘proportionally less’. Further details will be made known when the SST Bill is tabled at the Parliament. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags GST SST Print Related News MoF: SST To Be Re-Introduced In Malaysia Auto News Hans | May 18, 2018 Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is ... SST To Be Implemented In September 2018 Auto News Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ... Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Auto News Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ... Fake News: No SST For Cars - How The Media Got It Wrong Auto News Eric | July 30, 2018 News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press ... Comments
MoF: SST Is Selective, To Have 5% And 10% Categories Auto News Eric | July 18, 2018 01:28 pm Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be reintroduced on 1 September this year.The statement by Lim sad that SST will be imposed to selected manufactured and imported items, which will carry two different rates: 5% or 10%.“The 6% service tax applies to selected services and not all services, unlike the goods and services tax (GST),” he told The Edge.Lim also told The Edge that the sales tax is imposed on manufacturers’ and importers’ price, while GST was imposed on the final consumer price and it is not correct to claim that the 10% sales tax is higher than the 6% GST.“How could the SST burden the people more than the GST when the expected collection from the SST is estimated at only RM21 billion for a full year, while the GST had expected to collect RM44 billion in 2018, according to the previous government’s projection,” he added.The Finance Minister also mentioned that the new SST is designed in a way that the impact towards the lower income group would be ‘proportionally less’. Further details will be made known when the SST Bill is tabled at the Parliament. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags GST SST
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
MoF: SST To Be Re-Introduced In Malaysia Auto News Hans | May 18, 2018 Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is ...
SST To Be Implemented In September 2018 Auto News Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ...
Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Auto News Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ...
Fake News: No SST For Cars - How The Media Got It Wrong Auto News Eric | July 30, 2018 News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press ...