Malaysia's expanded Sales and Services Tax to take effect tomorrow
Malaysia’s expanded Sales and Services Tax (SST) will take effect tomorrow (Jul 1), despite public outcry. The tax hike of 5% to 10% will apply to a range of luxury and non-essential items, such as imported seafood. Foreigners can also expect to pay more for private healthcare and education. The expanded SST is projected to generate up to RM10 billion, or US$2.4 billion, a year — revenue the government said will go towards healthcare, education and targeted subsidies. Afifah Ariffin has more.
Malaysia’s expanded Sales and Services Tax (SST) will take effect tomorrow (Jul 1), despite public outcry. The tax hike of 5% to 10% will apply to a range of luxury and non-essential items, such as imported seafood. Foreigners can also expect to pay more for private healthcare and education. The expanded SST is projected to generate up to RM10 billion, or US$2.4 billion, a year — revenue the government said will go towards healthcare, education and targeted subsidies. Afifah Ariffin has more.
Popular Shows
