2019 SST target of RM22b can be easily surpassed - KPMG Malaysia
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2019 SST target of RM22b can be easily surpassed

2019 SST target of RM22b can be easily surpassed

The Edge Financial Daily

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The sales tax and service tax (SST) target for 2019 of RM22 billion can be easily surpassed, says Royal Malaysian Customs director-general Datuk Seri Subromaniam Tholasy.

He said this comes as Customs broadens the scope of taxes to be imposed on services, but qualified that this is not intended to burden the country’s bottom 40% (B40) of income-earners and to some extent its middle 40% (M40) households.

“There is so much of potential from the services side, and we used to collect 65% to 70% of the tax from the services, under the Goods and Services Tax. We now are looking at broadening the scope for services [under the SST regime], but what we will not do is impose tax on services that impact the B40 and the M40 to some extent,” he told a news conference in conjunction with a seminar organized by KPMG Malaysia on Sales Tax, Service Tax and ongoing GST issues.

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