Malaysia to impose 5-10% tax on goods, 6% on services

Malaysia to impose 5-10% tax on goods, 6% on services

KUALA LUMPUR (Rahnuma): Malaysia will impose a tax of between 5 percent and 10 percent on the sale of goods, while services will attract a 6 percent levy when a new tax regime comes into effect on Sept. 1, the country’s customs chief Subromaniam Tholasy said on Thursday.

The Sales and Services Tax (SST) is being reintroduced after the government led by Prime Minister Mahathir Mohamad repealed an unpopular goods and services tax (GST) earlier this month.

The GST, which covered a broader range of items and services compared with the SST, has been set at 6 percent.

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