202506 - Key Highlights of the Sales Tax and Service Tax (SST . . . Following the expansion in scope of the SST, businesses that were previously not subject to SST may now fall within the new taxable category If your business exceeds the prescribed threshold, you are required to register with the Royal Malaysian Customs Department (RMCD) by 31 August 2025
GUIDELINES FOR THE TRANSITION OF SALES TAX RATE CHANGES EFFECTIVE ON On 1 July 2025, the tax rate for those goods changed to 5% GBR applied for registration and became effective as a registered manufacturer on 1 August 2025 The disposal or own used of the manufactured goods was recorded on 28 May 2025; however, the goods were disposed of on 7 August 2025
Targeted Revision Of Sales Tax Rate And Expansion Of Service Tax Scope . . . As announced in Budget 2025 on 18 October 2024, the MADANI Government will implement a revision of items subject to Sales Tax and an expansion of the scope of the Service Tax, effective 1 July 2025 This measure aims to strengthen the country’s fiscal position by increasing revenue and broadening the tax base without adding undue burden on
Malaysia’s Expanded Sales and Services Tax (SST) takes effect on 1 July . . . As Malaysia gears up for a significant shift in its tax landscape, businesses and consumers need to prepare for the expanded Sales and Service Tax (SST) set to take effect on 1 July 2025 Announced in Budget 2025 on 18 October 2024, this expansion marks a pivotal move to strengthen Malaysia’s fiscal framework under the MADANI Government, ensuring sustainable revenue to fund essential public
Malaysia’s Major SST Reform in 2025: Service Tax Expansion Sales Tax . . . Discover Malaysia’s 2025 SST Reform: Key updates on expanded Service Tax coverage for six new sectors and revised Sales Tax rates effective July 1, 2025 Foreign exchange and capital markets , Remittance fees , Insurance and takaful agency services; 4 Private Healthcare Services Rate: 6%; Threshold: RM1,500,000; Taxable: Non-Malaysians
What is SST — and what’s changing on 1 July 2025? - Made In Malaysia SST (Sales Services Tax) replaced Malaysia’s GST back in 2013 It consists of: Sales Tax on goods at 0%, 5%, or 10% Services Tax on services at 6% (now rising to 8% in some segments) As of 1 July 2025, the government is: Raising sales-tax rates on more non-essential luxury items Expanding services-tax scope drastically cleartax com freemalaysiatoday com +2 assets kpmg com +2 vatcalc
Malaysias SST Expansion From 1 July 2025: A Practical Guide . . . - Mondaq Starting 1 July 2025, Malaysia's Sales and Service Tax (SST) regime will reach deeper into supply chains, taxing a broader list of goods and, for the first time, a large swathe of services that previously fell outside the net our multilingual team bridges local expertise with international standards, ensuring clients achieve their
SST: New Taxable Services and Taxable Goods - tratax. my 2025 by a service tax registered business for a particular service The invoice does not include any service tax on the basis that the particular service is not a ‘taxable service’ at the time of issuance If the service becomes a newly prescribed taxable service effective from 1st July 2025, the amount covered in such an invoice would be
- KPMG Malaysia To help SMEs and businesses navigate these updates, our tax experts share key insights on the revised SST landscape and its potential impact View what our tax leaders have to say on: Bernama: Tax experts: Targeted SST review supports fiscal health; Malay Mail: Tax experts say expanded SST key step towards strengthening Malaysia’s finances