#Budget2024: Your Karaoke Sessions Are Gonna Get Costlier

This is due to a 2% increase in service tax as announced in the Budget 2024.

Cover image via PARLIMEN MALAYSIA (YouTube)

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Prime Minister Datuk Seri Anwar Ibrahim, who also holds the Finance portfolio, while announcing Budget 2024 in parliament today, 13 October, stated that the government will increase service tax

The service tax will be increased from the current 6% to 8%.

According to Anwar, this will not involve the food and beverage (F&B) industry and telecommunications.

Affected industries include logistics, brokerage, underwriting, and karaoke

Anwar said that the difficult "tax reforms" are necessary to ensure the quality of services.

Stay tuned for our overview story of #Budget2024

Image via SAYS

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