Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025

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KUALA LUMPUR: The enhancements to the Sales and Service Tax (SST), effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan.

"Of the RM5 billion forecast, RM2.2 billion would be from sales tax collection while RM2.8 billion would come from service tax collection.

"Therefore, it does not have an effect on the low-income group which depends on these essential goods and services,” he said.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Finance Ministry Parliament Sales and service tax Amir Hamzah Azizan SST Taxation /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 21:14:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 321 words

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News ID: 23554356

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