GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Utama Berita Berita Kereta MoF: SST To Be Re-Introduced In Malaysia MoF: SST To Be Re-Introduced In Malaysia Berita Kereta Hans | May 18, 2018 08:19 PM Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is set to make a return.In a brief statement to the press released yesterday, the Malaysian Ministry of Finance said:“The fiscal reform initiative is already underway. The shortfall from Goods and Services Tax (GST) which is to be zero-rated effective 1 June 2018 will be cushioned by specific revenue and expenditure measures that shall be announced in due course. The Sales and Services Tax (SST) will be re-introduced. Expenditure reduction will begin with rationalisation, efficiency measures and reduction in wastages. Of significance, oil prices have been higher than the USD52 per barrel estimated for Budget 2018. This provides fiscal buffers for the immediate future. Fiscal responsibility, transparency and governance will be a paramount consideration in rolling-out the fiscal reform.”The ministry did not give any indication if SST will return to its previous 10 percent value, or gave any timeline to its implementation. Without these details, it is difficult to say for certain if car prices will be increased once SST is re-introduced. When the previous 10 percent SST was replaced with a 6 percent GST in 2015, the market saw reduction in prices for nearly every make.Now that GST will made zero rated effective 1-June 2018, the government is estimated to be losing some RM25.6 billion in revenue in the second half of this year. The latest statement by the Ministry of Finance will serve to assure the market and credit rating agencies that responsible fiscal policies will be put in place. Whether will that translate into permanently cheaper cars or not is another matter.Update: Tun Daim Zainuddin, head of the government’s Council of Eminent Persons has announced in a press conference earlier today that SST will return in the next two to three months, without giving any further specifics about the rate to be taxed. An official announcement by the Ministry of Finance can be expected sometime next week. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan GST SST Cetak Berita Berkaitan SST To Be Implemented In September 2018 Berita Kereta Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ... Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Berita Kereta Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ... MoF: SST Is Selective, To Have 5% And 10% Categories Berita Kereta Eric | July 18, 2018 Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be ... Fake News: No SST For Cars - How The Media Got It Wrong Berita Kereta Eric | July 30, 2018 News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press ... Komen
MoF: SST To Be Re-Introduced In Malaysia Berita Kereta Hans | May 18, 2018 08:19 PM Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is set to make a return.In a brief statement to the press released yesterday, the Malaysian Ministry of Finance said:“The fiscal reform initiative is already underway. The shortfall from Goods and Services Tax (GST) which is to be zero-rated effective 1 June 2018 will be cushioned by specific revenue and expenditure measures that shall be announced in due course. The Sales and Services Tax (SST) will be re-introduced. Expenditure reduction will begin with rationalisation, efficiency measures and reduction in wastages. Of significance, oil prices have been higher than the USD52 per barrel estimated for Budget 2018. This provides fiscal buffers for the immediate future. Fiscal responsibility, transparency and governance will be a paramount consideration in rolling-out the fiscal reform.”The ministry did not give any indication if SST will return to its previous 10 percent value, or gave any timeline to its implementation. Without these details, it is difficult to say for certain if car prices will be increased once SST is re-introduced. When the previous 10 percent SST was replaced with a 6 percent GST in 2015, the market saw reduction in prices for nearly every make.Now that GST will made zero rated effective 1-June 2018, the government is estimated to be losing some RM25.6 billion in revenue in the second half of this year. The latest statement by the Ministry of Finance will serve to assure the market and credit rating agencies that responsible fiscal policies will be put in place. Whether will that translate into permanently cheaper cars or not is another matter.Update: Tun Daim Zainuddin, head of the government’s Council of Eminent Persons has announced in a press conference earlier today that SST will return in the next two to three months, without giving any further specifics about the rate to be taxed. An official announcement by the Ministry of Finance can be expected sometime next week. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan GST SST
Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik.
SST To Be Implemented In September 2018 Berita Kereta Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ...
Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Berita Kereta Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ...
MoF: SST Is Selective, To Have 5% And 10% Categories Berita Kereta Eric | July 18, 2018 Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be ...
Fake News: No SST For Cars - How The Media Got It Wrong Berita Kereta Eric | July 30, 2018 News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press ...