Consumer confidence rises as inflation dips to 20yr-low in Malaysia
The Sales and Service Tax (SST) in Malaysia is projected to increase by RM5 billion in 2025 and RM10 billion in 2026 due to a review and expansion of its scope, effective July 1, 2025. The revision aims to broaden the national revenue base, with the tax burden targeting higher-income groups. The SST is expected to generate RM51.7 billion in 2025, up from RM46.7 billion. The Sales Tax rate remains unchanged for essential goods, while discretionary and non-essential goods will face rates of 5% or 10%. The Service Tax will now cover additional services, including leasing, construction, financial services, private healthcare, education, and beauty services.
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