HEADLINES

service tax

Netflix, Google, and Apple contribute to Malaysia’s RM1.62bil service tax revenue in 2024

The steady growth in tax from foreign digital platforms ensures a fairer market for local and international businesses in Malaysia’s digital economy

Banks start 8% SST on fee, commission-based services from July 1

ABM, AIBIM, MIBA says move is in line with legislation and relevant guidelines gazetted or issued by MoF and Customs Department

Finance Ministry announces refined service tax exemptions

The Finance Ministry has announced refinements to the scope of service tax exemptions in a bid to alleviate the burden on citizens and bolster the competitiveness of the nation's services sector.

Domestic trade ministry on the watchout for 8% SST hike profiteers

The Domestic Trade and Consumer Affairs Ministry will be monitoring the implementation of the increased service tax (SST) to ensure that sectors unaffected by the hike do not attempt to unjustly benefit from the situation.

Eight million water supply users exempted from services tax hike

A total of eight million users of water supply services comprising 87% domestic and 13% non-domestic consumers in Peninsular Malaysia and the Federal Territory of Labuan are exempted from the sales and service tax (SST) hike which came into effect today.

Popular

National shuttlers demand RM2 million salaries: can BAM keep up financially?

Several top athletes aim for salaries that could outpace even the highest-earning footballers, raising questions about the sustainability of funding within Malaysian sports

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

Horror at Bangkok shopping mall as two Malaysians set on fire in unprovoked attack

A Thai man set fire to the tourists after dousing them with paint thinner, with bystanders quickly intervening to restrain him