Wednesday, May 16, 2018

GST zero rated from June 1

KUALA LUMPUR: The Goods and Services Tax (GST) will be set at zero percent beginning June 1, 2018, says the Finance Ministry.

In a statement, the Ministry said that the reduction of the rate from the current 6% to 0% will be implemented nationwide until a further announcement is made.
This decision does not include goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempted from GST.
"As such, all registered traders must follow the decision of the zero rate now. At the same time, registered businesses are still subjected to all current regulations," said the Ministry.


Friday, May 11, 2018

The differences between GST and SST

We are only few months away from the implementation of the much talked about Goods and Services Tax (GST) on April 1, 2015.

This tax will be replacing the Sales and Services Tax (SST) which is a single stage of consumption tax where businesses cannot recover the tax paid on their purchases. This tax will be treated as a cost to business.
Here are the differences between GST and SST:


Thursday, May 10, 2018







Ali Hamsa declares nationwide public holidays on May 10 and 11

PETALING JAYA: Chief Secretary to the Government Tan Sri Dr Ali Hamsa has declared nationwide public holidays on Thursday (May 10) and Friday (May 11).

"For states that observe Friday and Saturday as their weekend, Sunday, May 13 will be the replacement public holiday," said Ali Hamsa in a statement on Thursday.
The public holiday declaration was made in accordance to Section 8 of the Holidays Act 1951 that covers peninsular Malaysia and Labuan.
For Sabah and Sarawak, the state governments have declared the public holidays in accordance with the Holiday Ordinance.

TAGS / KEYWORDS:GE14 , Ali Hamsa , Public Holiday


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