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Sales and Services Tax (SST) will see its rate set at 10% for sales and 6% for services.

Reintroduction of SST

Sales and service tax

 The reintroduction of the Sales and Services Tax (SST) will see its rate set at 10% for sales and 6% for services. This was announced by Finance Minister Lim Guan Eng on 16 July 2018, who informed that the Bill on SST will be passed in Parliament sometime in August.

The sales tax is based on the manufacturing cost or import cost, while the service tax could cover a wider range of services, therefore a higher price or charges for services rendered on the whole.

The services provider is liable to be registered under the Service Tax Act 2018 when the value of taxable services provided for a period of 12 months that exceeds a threshold of RM500,000. The SST registration threshold is RM1,500,000 for Operator of restaurant, bar, snack-bar, canteen, coffee house or any place which provides food and drinks.

The following taxable services are subject to the service tax:

  • Hotel (include lodging house, service apartment, homestay, Inn, rest house, boarding house)

  • Insurance and Takaful

  • Service of food and beverage preparation (include restaurant, cafe, catering, take-away, food truck, retail outlet, hawkers and etc)

  • Club (include Night club, private club, golf club)

  • Gaming (include Casino, game of chance, sweepstakes, gaming machines, lottery, betting)

  • Telecommunication

  • Pay-TV

  • Forwarding agents

  • Legal

  • Accounting

  • Surveying

  • Architectural

  • Valuer

  • Engineering

  • Employment agency

  • Security

  • Management services

  • Parking

  • Motor vehicle service or repair

  • Courier

  • Hire and drive car

  • Advertising

  • Domestic flight except Rural Air Services

  • Credit or charge card

  • IT services

  • Electricity

Get in touch with us shall you need help in sales and service tax related matters.

 

Meet the team who are experts in sales and service tax
CINDY YEW
THERESA LOW