SST To Be Implemented In September 2018

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SST To Be Implemented In September 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 after a Cabinet meeting earlier today, Prime Minister Tun Dr Mahathir Mohamad told the assembled press that SST will be imposed come September, but added that the legislation will first have to be enacted in Parliament before passing it to the public.

There is no confirmation yet if SST will return to its previous 10 percent rate. However The New Straits Times have previously quoted Finance Minister Lim Guan Eng as saying:

“The SST, to be re-introduced later, will be set at 10 per cent as stated in the Pakatan Harapan election manifesto,” said Lim.

“If, however, there is a change, we will make an announcement,” he added.

Come 1-June, the existing 6 percent GST will be made zero-rated, effectively making the three-month period from June until September a tax-free period for all consumer products and services.

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