The Sales and Service Tax (SST) rate in Malaysia has increased from 6% to 8%, effective today, March 1, 2024, as announced in both the Malaysia Budget 2024 and the Royal Malaysian Customs Department.
The expanded taxable service scope is effective from February 26, 2024, with the new tax rates taking effect on 1 March 2024.
Check out the list of services that are subjected to 8% service tax:-
Group A 8%
Group B 6%
Group C 8%
Group D 8%
Group E 8%
Group F 8%
Group G 8%
Group H 8%
Group I 8%
Group J 6%
Registration threshold: RM500,000:
• The threshold for the total amount of taxable services is set at RM500,000 and registration is required for all.
• Threshold calculation will be based on the total value of all services the service provider has provided in the past 12 months.
(Sources: Finance Ministry)
Here are some resources to learn more about the SST:
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