THE proposed Sales and Service Tax (SST) increase from 6% to 8% will lead to a further spike in prices of retail goods and services, which will affect spending, Retail Group Malaysia said.

The retail association’s managing director, Tan Hai Hsin, said although the food and beverage (F&B) and telecommunication sectors are not affected, the retail prices at F&B outlets will increase.

He also questioned the government’s mechanism on implementing the SST increase. – November 28, 2023