The Malaysia Sales and Services Tax (SST) was raised from 6% to 8% starting 1 March 2024. Find out what industries and services will be impacted.
自2024年3月1日起,马来西亚销售及服务税(SST)从6%提高至8%。了解哪些行业和服务将受到影响。 Finance · 20 Jan 2025 · 5 mins read Business Tips Learn market trends & expansion tips from us! 马来西亚销售和服务税(SST)进行了改革,销售税率维持不变,并从2024年3月1日起将服务税从6%提高到8%。 虽然...
The Malaysian government abolished GST and introduced SST, which reformed the country’s tax system. Our guide explains SST obligations.
Santa Fe Analysis In October 2023, Malaysia’s 2024 Budget was presented to Parliament, introducing significant tax adjustments. The budget included a 2% rise in the Service Tax, increasing it from 6% to 8%, effective 1 March 2024. Certain essential su...
Under the proposal, certain taxable services would continue to be taxed at the current 6% service tax rate (i.e., group B (food and beverages), group I (telecommunication services and parking), and group J (logistics (a new taxable service, as described below). In addition, group H (c...
The Royal Malaysian Customs Department (RMCD) on 29 March 2024 issued the following service tax policies (STPs), both of which are effective 1 March 2024: Service Tax Policy 4/2024 in relation to logistic services Service Tax Policy 3/2024 (Amendment No. 1) in relation to Groups A to E...
Malaysia has ratified the imposition of 6% sales tax on supplies of e-services by non-resident providers to local consumers. Unusually, B2B transactions are included, but with relief on the use of reverse charge to prevent double taxation.
Malaysia Sales and Services Tax (SST) The Government of Malaysia has issued amendments to the SST Regulation effective from 1 March 2024. The changes are as follows: Increase in SST rate from 6% to 8% for selected prescribed taxable services; ...
The SST was introduced in 2018 to replace the goods and services tax (GST) to boost Malaysia’s purchasing power. Under the SST regime, different tax rates were incurred depending on the nature of the goods and services. Building materials, petroleum oil, and basic foodstuffs incur a five pe...
How does sales tax works? Sales tax process flow Service Tax Service Tax is charged on a specific service provided by a taxable person in Malaysia carrying out a business. The Service tax is also a single-stage tax with a rate of 6%. ...