Monday, July 16, 2018

SST at 10% for sales, 6% for services

KUALA LUMPUR: Finance Minister Lim Guan Eng today announced that the sales and services tax (SST) rate will be set at 10% for sales and 6% for services, with the bill on the tax expected to be passed in Parliament next month.

In his keynote address at the National Tax Conference 2018 at KLCC today, he said the SST was expected to bring in revenue of RM4 billion.

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