Service tax at 8% from March 2024 In the 2024 budget, it was announced that service tax rate would be increased from the current 6% to 8% effective 1st March 2024. The increase of 2% does not apply to: The service tax rate for the above will remain at 6%. The scope of service tax…
From 1st September 2018, Sales Tax and Service Tax 2018 (SST) will replace the existing Goods and Services Tax. Pending formalisation of tax codes (if any) as well as the SST reporting/submission formats by Customs, you will need to start issuing invoices from 1st September. Update This guide was prepared to help users comply with…
With the passing of all 5 bills by Dewan Negara, it is now confirmed that GST has been abolished and Sales & Service Tax (SST) will be re-introduced. The last date for GST is 31st August 2018. SST will be implemented from 1st September 2018. Goods & Services Tax One of the bills that was…
Following the change in government after the 14th general elections, the Ministry of Finance announced that the existing Goods and Services Tax (GST) would be abolished and replaced with the Sales Tax and Services Tax (SST). The first step in this process was to zero rate the existing GST tax rate, and this was implemented…
