SST only 38% of CPI basket of goods, says Guan Eng

Lim Guan Eng says the SST is a 'single-tax' imposed on manufacturers and not consumers, whereas the GST, as a 'multi-stage tax', resulted in every stage of the supply chain being taxed. – The Malaysian Insight pic by Kamal Ariffin, July 19, 2018.

THE sales and services tax (SST) will cover only 38% of the consumer price index (CPI) basket of goods compared with the 60% from the goods and services tax (GST).

Finance Minister Lim Guan Eng said the implementation of the improved SST would “return” RM23 billion in taxes collected to the people, easing their financial burden, especially those affected by high living costs.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.