KUALA LUMPUR – Over half or 56.9% of respondents in an online survey conducted by The Edge ahead of the unveiling of Budget 2019 on Friday are of the opinion that the government should not raise tax revenue to pare down national debts. Altogether 2,643 respondents took part in the…
KUALA LUMPUR – Property prices will definitely have to adjust in the near term to cater to the softening demand, said Sime Darby Property Bhd’s chairman Tan Sri Zeti Akhtar Aziz. She said the current soft property market situation presents a window of opportunity for developers to work on improving…
KUALA LUMPUR – Hopeful homeowners can now rejoice as the cost of new homes are expected to fall between five and 10% following the Sales and Services tax (SST) exemption on construction services and building materials. “We placed the exemption because we want to boost the real estate sector. We…
UALA LUMPUR – The Real Estate and Housing Developers’ Association Malaysia (Rehda) says it expects some savings in development cost following the government’s move to exempt basic construction materials and construction services from the Sales and Services Tax (SST) in the effort to reduce house prices. “We are expecting between…
PETALING JAYA – The sales and services tax (SST) regime is likely to have an impact on the earnings of manufacturers and importers while healthcare and building material companies are among the major beneficiaries. Under the SST system, which will begin from Sept 1, several manufacturers and importers would have…
PETALING JAYA – Construction services and building material costs will not be charged under the Sales and Service Tax (SST), said Finance Minister Lim Guan Eng. In a statement on Sunday (Aug 12), Lim said basic materials such as bricks, cement, sand and other construction materials were subjected to the…
PETALING JAYA – Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. “With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax)…
There has been plenty of talk recently in relation to the Goods and Services Tax (GST) and the Sales and Service Tax (SST) and what the impact of each is to the consumers. There is also plenty of information that has been made available to the public through various sources…
The new sales tax and service tax (SST) implementation models were presented by the Ministry of Finance on July 19, 2018. Unlike the unified goods and services tax (GST) which applies to both goods and services, sales tax and service tax will apply separately to goods and services respectively. The…
