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We always understand and will assist your business in fulfilling the SST requirements.
The Sales and Services Tax (SST) has been implemented in Malaysia. The SST replaces the existing Goods and Services Tax (GST) and affects all domestic and import shipments.
The SST has two elements: a service tax that is charged and levied on taxable services provided by any taxable person in Malaysia in the course and furtherance of business, and a single stage sales tax levied on imported and locally manufactured goods, either at the time of importation or at the time the goods are sold or otherwise disposed of by the manufacturer.
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SST 1.0 was first introduced in the 1970s – Sales Tax was implemented in 1972, and Service Tax was implemented a few years later in 1975. The GST then replaced the SST on April 2015. Fast forward 3 years down the road to 2018, and a new version of the SST will be reintroduced in September. The SST is replacing GST as part of a fiscal reform initiative by Malaysia’s new federal government, which took over in May 2018 after winning the 14th General Election.
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