The Federal government considers Penang a developed state and that is why there was not many “goodies” for the state in the recent 2019 Budget tabled at the parliament.
Finance Minister Lim Guan Eng would like to see a drop in residential prices with the exemption of the Sale & Service Tax (SST) on construction services.
The new version of Sales and Service Tax (SST) has gotten into gear starting from September 1, 2018. The re-introduction of SST 2.0, as a substitute for GST that was set at 0 percent rate earlier in June…
IT is important to establish a budget to keep your financial life in order. Not every spending of yours gets budgeted for, and this defeats the very reason of creating one in the first place.
Budgets work best when all your money is accounted for, categorised and allocated.
All construction materials and services will be exempt from the sales and services tax (SST), Lim Guan Eng declared today.
The finance minister hopes the move across the construction sector will bring down the prices of residential, commercial and industrial buildings.
MALAYSIA’s decision to revert to the Sales and Service Tax (SST) from the Goods and Services Tax (GST) will result in a higher disposable income due to relatively lower prices it will incur in most goods and services.
Consumers will have a choice in their consumption – by paying service taxes based on their affordability and ability.