Tun M Confirms SST Will Be Back In September
Prime Minister Tun Dr Mahathir Mohamad has confirmed in a press conference that the Sales and Services Tax (SST) will be reintroduced in September
The tax will be replacing the Goods and Services Tax (GST) that is scheduled to be zero-rated come 1 June
It was confirmed by the Finance Ministry last week that the government will be reintroducing the SST to make up for the shortfall in government revenue.
"The shortfall from 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," read the official statement posted by the Ministry.