Service Tax

Service tax may cost logistics sector its competitive edge, says think tank

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Service tax may cost logistics sector its competitive edge, says think tank

PETALING JAYA: The recent implementation of 6% service tax on logistics services has caused confusion and apprehension within the industry nationwide, says the Institute of Strategic Analysis and Policy Research (Insap). “The SST on local freight is a hidden tax hike on consumers which, according to Sabah Freight Forwarders and Logistics Association president Datuk Johnson … Read more

No SST for water, electricity usage over 600kWH/month gets 8%

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No SST for water, electricity usage over 600kWH/month gets 8%

PETALING JAYA: The Government has confirmed that water bills will remain exempted from the sale and service tax (SST). Meanwhile, an 8% SST will be charged on electricity usage of more than 600kWH per month, effective March 1, 2024. According to the Finance Ministry, the new tax imposed is expected to affect about 15% of … Read more