Carian mengenai topik SST

The Ministry of Finance states that the average annual SST collection was 51.6% lower than GST due to the smaller scope of the SST.

Datuk Seri Fadillah Yusof said it is because there are pertinent issues, such as who is entitled to exemption, that needs to be discussed.

The additional revenue from sales and service tax (SST) expansion to 8.0 per cent from 6.0 per cent effective March 1, 2024 can benefit the rakyat

Prof Emeritus Dr Barjoyai Bardai said Malaysia fell behind Singapore and Thailand and is struggling to catch up.

Datuk Seri Ahmad Maslan said the government will implement the taxes as mentioned in Budget 2024 next year.

According to Budget 2024, the govt plans to increase SST rate to 8.0 pct, not inclusive of services such as F&B and telecommunications.

Datuk Seri Anwar Ibrahim said tax collected by the govt is one of the lowest in ASEAN at 11.8 pct of GDP compared to Singapore and Thailand.

Despite the differences in structures, both the SST and GST offer an important fiscal tool to fund government programmes and projects.

The government is not disputing the goods and services tax (GST), but rather the timing to implement it, says Deputy Finance Minister Steven Sim.

Projects that have been awarded SST will not be cancelled even if they were done via direct negotiations, said Transport Minister Anthony Loke Siew Fook.

The current SST exemption for the purchase of vehicles which was first announced on June 5, 2020 has resulted in the loss of RM4.8 billion in revenue to date.

The GST is better than the SST because the GST widen a country's tax base and brings in more revenue, said the World Bank Group lead economist Dr Apurva Sanghi.

With the twin shocks of increased spending and economic downturn, Malaysia is in sore need of funds to replenish its depleted coffers.

Fadillah said it was the ministry's effort in implementing the economic recovery agenda for the construction sector.

Fadillah said this included improving the people's infrastructure in terms of connectivity, comfort and safety.

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.