What is the Meaning of SST, and How Does It Work? In 2018, the Malaysia Ministry of Finance introduced the SST to replace the Goods and Services Taxes (GST). This change was done in order to allow for a lower cost of living, as more businesses enjoy exemption from taxes and t...
Malaysia’s tax regulations are in a near-constant state of flux. Malaysia’s 2023 budget is set to be retabled, meaning businesses must be ready to adapt to potential new tax requirements in the near future. Many companies find outsourced accounting andtax servicesbenefit their business by en...
What is the scope of SST in Malaysia, and how does the Service Tax on Digital Services (SToDS) differ? Malaysia adopts aterritorial scopefor SST, meaning that goods manufactured or imported and services provided within Malaysia are subject to the tax. However,service tax on digital service (S...
What is the meaning of SST, and how does it work? In 2018, the Malaysia Ministry of Finance introduced the SST to replace the Goods and Services Taxes (GST). This change was done in order to allow for alower cost of living, as more businesses enjoy exemption from taxes a...