SST bills tabled

Following the change in government after the 14th general elections, the Ministry of Finance announced that the existing Goods and Services Tax (GST) would be abolished and replaced with the Sales Tax and Services Tax (SST).

The first step in this process was to zero rate the existing GST tax rate, and this was implemented from 1st June 2018. All taxable sales and purchases would be rated at 0% from June 2018 until further notice. This did not mean that GST was repealed or abolished.  GST registered businesses would still have to comply with the requirements including recording of transactions as well as reporting on a monthly or quarterly basis.

On 31st July 2018,  bills were tabled in Dewan Rakyat with the intention of repealing GST.

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