SST to be set at 10%, no implementation date set yet

SST to be set at 10%, no implementation date set yet

The government has revealed that the sales and services tax (SST) will be reintroduced this year, and will be set at 10%, the same rate it was when it was replaced by the goods and services tax (GST) in April 2015, The Sun reports.

UPDATE: SST will be reintroduced from September 1, 2018.

This was announced by Lim Guan Eng in his first press conference as finance minister earlier today. He explained that SST will be reintroduced at the same rate as per Pakatan Harapan’s manifesto and any changes will be announced, but did not mention exactly when it will be reintroduced.

“We want to replace the GST with SST as soon as possible. It will definitely be this year, but let us work it out before we give a date,” he told reporters.

Last week, Tun Daim Zainuddin, head of the government’s Council of Eminent Persons said that SST can be established in two to three months. He added that the return of the SST is estimated to raise approximately RM30 billion and will mitigate the loss from GST collection. Ahead of SST’s return, GST will be revised from 6% to 0% as of June 1.

It is important to note that when GST was introduced, prices of cars did go down. This creates a likelihood of prices going up by a few percent when SST returns. So, with companies announcing GST-free prices, it would be wise to take advantage of this tax-free period.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Hidden due to lowcomment rating. Click here to see.

    Poorly-rated. Like or Dislike: Thumb up 15523 Thumb down 18610
    • Aizat on May 23, 2018 at 7:20 am

      Tax the rich so no problemo

      Like or Dislike: Thumb up 15 Thumb down 7
      • Richard Sambrani on May 23, 2018 at 10:07 am

        1 TRILLION DEBT….tak malu ke john

        Well-loved. Like or Dislike: Thumb up 225 Thumb down 124
        • Richard Sambrani on May 23, 2018 at 10:11 am

          I rather pay higher tax to a Government that will use the money to build more hospitals and help the poor

          Like or Dislike: Thumb up 40 Thumb down 8
          • Sori bub. The money will be used to subsidise the rich for their petrol and their use of toll free hiways. No more money for gov hospitals for the poor. New MY will make the rich greater again!

            Like or Dislike: Thumb up 73 Thumb down 81
          • rakyat on May 23, 2018 at 12:25 pm

            It’s better to subsidies the rich than to subsidies a thieve. Don’t u think, john?

            Like or Dislike: Thumb up 22 Thumb down 7
          • Nope. Subsidising a thief becoz he needs the money, but why subsidising the rich just to get richer?

            Like or Dislike: Thumb up 25 Thumb down 42
          • john otak udang on May 23, 2018 at 3:37 pm

            “Subsidising a thief becoz he needs the money”

            Hahaha… Ur stupidity has just increased to a whole new level. U can tell that to the judge

            Like or Dislike: Thumb up 25 Thumb down 6
          • Some judgement did show leniency to the thieves by making them do community service instead of jail time. So whatcha tryin to say?

            Like or Dislike: Thumb up 21 Thumb down 27
          • John, it’s not about leniency but whether what’s right. Subsidising a thieve bcoz he needs the money is not the right thing to do

            Like or Dislike: Thumb up 22 Thumb down 2
          • But why u justify subsidising the rich? They dun need the money. But a thief needs the money.

            Like or Dislike: Thumb up 20 Thumb down 28
          • john putar belit on May 24, 2018 at 11:15 am

            U stupid or what, john? Does the thieve of MY look like he needs money? He just want to STEAL the rakyat’s money

            Like or Dislike: Thumb up 16 Thumb down 3
        • Tak malu pun. Income RM 1.3 TRILLION for a debt of RM700 Billion. 53% saje, still below 55% limit.
          Masa Bapak jadi PM tu, debt sampai 103% takde pun orang melompat.

          Hot debate. What do you think? Thumb up 129 Thumb down 141
          • Finance Minister on May 23, 2018 at 6:39 pm

            If MY income is really like what u said, how come we still have debt? According to ur maths, our income more than debt woh

            Like or Dislike: Thumb up 11 Thumb down 1
          • john penipu yg tak malu on May 23, 2018 at 10:37 pm

            John, who likes to BS like his big boss is a liar that lies through his teeth. PM has revealed that our national debt is 65% of GDP, way above the 55% limit

            Like or Dislike: Thumb up 9 Thumb down 0
          • U earn income right? Then if u use credit card, dun tell me u dun have debts. But if ur debts is only 53% of ur income, r u in trouble?

            Like or Dislike: Thumb up 4 Thumb down 12
          • john putar belit on May 24, 2018 at 11:19 am

            Again, john putar belit. PM has already proven u wrong. Just admit it

            Like or Dislike: Thumb up 9 Thumb down 0
        • Richard Sambrani on May 23, 2018 at 10:24 am

          Shameful john….even puasa month want to come here and lie to all of us

          Like or Dislike: Thumb up 11 Thumb down 7
        • another pakar ekonomi buta tuli, kesian

          Like or Dislike: Thumb up 4 Thumb down 0
        • source? oh yes, dont need one. people just believe everything they heard from the gov now, how ironic.

          Like or Dislike: Thumb up 5 Thumb down 2
        • govlicker on May 31, 2018 at 11:11 am

          oops now not 1 trillion anymore. wrong counting LMAO

          Like or Dislike: Thumb up 4 Thumb down 3
      • Richard Sambrani on May 23, 2018 at 10:09 am

        last time john always say tax the rich so no problemo…

        Like or Dislike: Thumb up 1 Thumb down 4
    • Andrekua on May 23, 2018 at 7:34 am

      SST is higher than GST, some item will increase in price, while others will probably see a decrease.

      Eating in a restaurant for example, will probably cost more due to gst 6% vs sst 10%.

      However I prefer to look at the bigger picture. Gov collected 42b gst vs 20b in sst. That’s 22b being robbed from the market. Despite that, we have reduction in allocations for education, health for example which don’t make sense.

      Like or Dislike: Thumb up 20 Thumb down 8
      • Lessen in education & health funds was becoz reduction in single digit skools and more usage of cheaper generic drugs. Deswai can gip free hepatitis treatment. Those who complain need to pay more in GST, now shud start to complain even more for SST otherwise its just hypocrisy.

        Like or Dislike: Thumb up 17 Thumb down 22
        • Kerwinder on May 23, 2018 at 12:06 pm

          Lessen in bloated 1.6mil civil servants.
          Increase in education & healthcare funding. Voila!

          Like or Dislike: Thumb up 11 Thumb down 8
          • Increase in education & healthcare funding, but no enuff teachers or doctors & nurses becoz alredi lessen bloated 1.6mil civil servants. Quality of service then drops. One more round of complaint. So how leh?

            Like or Dislike: Thumb up 17 Thumb down 17
          • wkaka on May 23, 2018 at 1:20 pm

            SPAD to go. MAI, GreenTech & Miros next

            Like or Dislike: Thumb up 1 Thumb down 0
          • theasnwer on May 24, 2018 at 12:37 pm

            Simple. Only need to abolish agencies like SPAD, Pemandu, Jasa, MPN and other useless BN political institutions. They are just a waste of taxpayers money while keeping the essential civil servants like teachers, doctors and nurses. Do this answer you, john?

            Like or Dislike: Thumb up 9 Thumb down 1
          • Nope. All those depts isnt the major headcount for the so-called 1.6 mil bloated service. Majority is the polis, armed forces, doctors & nurses, teachers, bomba, jkr. Or r u saying we dun need their services? Ever tried tarring ur own road?

            Like or Dislike: Thumb up 4 Thumb down 6
          • theanswer on May 25, 2018 at 10:05 am

            How do u know those depts isn’t the major headcount? Do u have the figures?

            Like or Dislike: Thumb up 5 Thumb down 2
          • How do u know they arent? Do u have the figures?

            Like or Dislike: Thumb up 2 Thumb down 5
      • tokmoh. on May 23, 2018 at 11:15 am

        Sales tax was 10%, this is for manufacturer and importers.

        Service tax was 6%, so no, eating at restaurant should be same or cheaper after this since restaurant’s 10% service charge is not taxed.

        Like or Dislike: Thumb up 0 Thumb down 3
        • “The more things change, the more they stay the same”
          – Jean-Baptiste Alphonse Karr

          “The more we change, the more we go Back to the Future”
          – Bapak P1

          Like or Dislike: Thumb up 6 Thumb down 13
          • a samad on May 23, 2018 at 12:41 pm

            “Change : it is the only constant in Life”

            Like or Dislike: Thumb up 7 Thumb down 1
          • “All change is not growth, as all movement is not forward.”
            – Ellen Glasgow

            Like or Dislike: Thumb up 5 Thumb down 10
          • mat sabu on May 23, 2018 at 6:30 pm

            “Only in growth, reform, and change, paradoxically enough, is true security to be found.”

            Anne Morrow Lindbergh

            Like or Dislike: Thumb up 11 Thumb down 1
          • “Change simply for the sake of change is an abdication of leadership”
            – John Luke Jr., Chairman and CEO of MeadWestvaco

            Like or Dislike: Thumb up 3 Thumb down 10
          • bijan on May 24, 2018 at 11:28 am

            “The world is changing quickly and we must be ready to change with it or risk being left behind.”

            From your favourite: Najib Razak

            Like or Dislike: Thumb up 11 Thumb down 0
          • “Transformational change is progress. Change without direction is chaos”
            From your favourite: Najib Razak

            Like or Dislike: Thumb up 1 Thumb down 6
          • bijan on May 24, 2018 at 8:20 pm

            My favourite? Hahaha… but no. This is my favourite quote from your favourite idol, Najib:

            “Prostitution and corruption are two things that mankind has had to live with for so long.”

            How irony, isn’t it?

            Like or Dislike: Thumb up 5 Thumb down 1
    • Ah Kow on May 23, 2018 at 8:21 am

      Dear John,

      By all means, I personally will be happy to pay the tax if the money is put into good use by the new govt. I hope there are more rakyat that would think alike.

      After all, we need to help the new govt to settle our monstrous debt of RM1TRILLION left behind by some hooligans.

      Like or Dislike: Thumb up 28 Thumb down 7
      • govlicker on May 31, 2018 at 11:18 am

        Starting to list your good use yet?
        1) Tax gone up; SST 10% vs GST 6%

        Feel free to add to the list LMAO

        Like or Dislike: Thumb up 0 Thumb down 2
    • john bodo on May 23, 2018 at 9:11 am

      “SST to be set at 10%”

      Don’t u read? It’s the same as before. Either u are ignorant or stupid BN licker. Now, the whole world knows it. Hahaha…

      Like or Dislike: Thumb up 32 Thumb down 8
      • Richard Sambrani on May 23, 2018 at 10:12 am

        The country had so much corruption before. Now, I am happy to rebuild the country again. I am super happy to pay my taxes now.

        Enough of john. You will be arrested soon

        Like or Dislike: Thumb up 11 Thumb down 4
      • This is from sstmalaysia (an anti-GST blog). Read and weep, boy.
        “SST rates may vary, from 5% – 10% or specific rate (awaiting official announcement), plus 6% service tax.” Refer the PLUS.

        Like or Dislike: Thumb up 18 Thumb down 19
    • karia on May 23, 2018 at 9:28 am

      maybe all the macai hide in the cave already hahahhaha

      Like or Dislike: Thumb up 4 Thumb down 0
    • Pakatan on May 23, 2018 at 10:01 am

      Guys, you know what to do with this troll. Vote like how you vote in election

      Like or Dislike: Thumb up 25 Thumb down 2
      • Richard Sambrani on May 23, 2018 at 10:08 am

        Kick this troll out like how we kicked the highly corrupt government out

        Like or Dislike: Thumb up 3 Thumb down 0
    • Say NO to filth and Corruption on May 23, 2018 at 10:02 am

      Previous gomen Tun M said got lebih 1 trillion debt woh. That means each Malaysian owes RM150k.

      OMG OMG OMG OMG OMG OMG

      Like or Dislike: Thumb up 1 Thumb down 5
      • Richard Sambrani on May 23, 2018 at 10:33 am

        Pity me, my Wife only uses a Rm150 handbag like Toh Puan Hasmah.

        Toh Puan Hasmah handbag RM150 from Zalora.

        Like or Dislike: Thumb up 0 Thumb down 6
  • Digidigi on May 22, 2018 at 10:48 pm

    Faster buy your car now! Car price will be even higher after that

    Like or Dislike: Thumb up 8 Thumb down 1
  • Bernard on May 22, 2018 at 11:27 pm

    Tax free period but cars are still exhorbitantly priced!

    Like or Dislike: Thumb up 10 Thumb down 1
    • Steve on May 23, 2018 at 11:03 am

      If u can only afford Saga basic spec, of course its exorbitant to look at price of Vios highest spec. xD

      Like or Dislike: Thumb up 3 Thumb down 3
  • EnDream on May 22, 2018 at 11:45 pm

    Ok dah book pun my new car.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Rightwinger on May 23, 2018 at 1:22 am

    And Government tax at 6%???

    Like or Dislike: Thumb up 4 Thumb down 0
    • Only can regret for next 5 years lor. But we have to suffer with them as well. Can we choose to pay the old 6% GST instead?

      Like or Dislike: Thumb up 7 Thumb down 13
    • Richard Sambrani on May 23, 2018 at 10:08 am

      Better be careful….Pakatan is arresting all the spies and cybertroopers.

      Like or Dislike: Thumb up 8 Thumb down 6
  • Susukotak on May 23, 2018 at 1:30 am

    can make it yearly event. 0% sst month.

    Like or Dislike: Thumb up 7 Thumb down 0
  • Just wait the car prices with SST compared to car prices with GST. Don’t complain if the car prices become expensive.

    Like or Dislike: Thumb up 12 Thumb down 3
    • Them bashers just got disillusioned

      Like or Dislike: Thumb up 8 Thumb down 11
      • Sparcov on May 23, 2018 at 10:16 am

        Deswai Khairy said them bashers got drunk on Kool-Aid and lost GE..

        Like or Dislike: Thumb up 10 Thumb down 0
        • Air ketum more powderful than koolaid. Now price gonna be higher than in GST but they still dreaming and praising new Gov.

          Like or Dislike: Thumb up 14 Thumb down 14
    • tokmoh. on May 23, 2018 at 11:32 am

      Opportunists will always be opportunists.

      When SST 10% change to GST 6%, car prices didn’t drop 4%.

      Not surprised when SST kicks in, car prices will increase >4% vs GST 6% price.

      Like or Dislike: Thumb up 5 Thumb down 2
  • Panorama on May 23, 2018 at 3:31 am

    Hurry up Proton. Launch Boyue ASAP.

    Like or Dislike: Thumb up 4 Thumb down 1
  • Mikey on May 23, 2018 at 8:52 am

    In short, Paultan.org is saying – Buy before SST is reintroduced to enjoy cheaper cars. Got it Anthony Lim & many thanks. Cheers…

    Like or Dislike: Thumb up 2 Thumb down 0
  • pengayuhbasikal on May 23, 2018 at 9:31 am

    for car buyer…maybe the price will increase…but for the rest of the citizens…later..we can buy at eco shop without the 12 sen..

    they should maintain the gst at 6% …but broaden the scope for gst free items….

    ron 97 …going up or down with sst ?

    Like or Dislike: Thumb up 0 Thumb down 0
  • sam123 on May 23, 2018 at 9:35 am

    Question: If abolish MAI, will cars / parts price will drop?

    Like or Dislike: Thumb up 2 Thumb down 0
  • kaizen on May 23, 2018 at 9:38 am

    its high time that government approved selling price must be lowered significantly

    Like or Dislike: Thumb up 1 Thumb down 0
  • interesting… a car is more important than daily necessity

    Like or Dislike: Thumb up 2 Thumb down 0
  • Buyer on May 23, 2018 at 10:00 am

    FYI, SST 10% one time only. but GST is charged 6% at every stage of manufacture, distributor and seller! dont CONFUSE the buyer la wehh. OPPORTUNITY SCUM!!!

    Like or Dislike: Thumb up 14 Thumb down 11
    • Siapa cakap SST is one time only? As long got buy and sell, SST is accumulated along the chain until reach ur hands. GST is rollover from one to the other. dont CONFUSE the buyer la wehh. OPPORTUNITY SCUM!!!

      Like or Dislike: Thumb up 13 Thumb down 9
  • tokmoh. on May 23, 2018 at 11:40 am

    Assuming 10% margin.

    A = manufacturer
    B = distributor
    C = retailer
    D = consumer

    SST :
    A sell to B RM100 + 10% SST = RM110
    B sell to C RM110 + 10% margin = RM121
    C sell to D RM121 + 10% margin = RM133

    vs

    GST :
    A sell to B RM100 + 6% GST = RM106
    B sell to C (RM106 + 10% margin) + 6% GST = RM123.60 (can claim RM6 input tax)
    C sell to D (RM123.60 + 10% margin) + 6% GST = RM144.12 (can claim RM7 input tax)

    But if ignore input tax when calculating margin :
    A sell to B RM100 + 6% GST = RM106
    B sell to C (RM100 + 10% margin) + 6% GST = RM116.60 (can claim RM6 input tax)
    C sell to D (RM110 + 10% margin) + 6% GST = RM128.26 (can claim RM6.60 input tax)

    But practically, no one exclude input tax when wanna calculate their margin, they need cashflow, so gotta mark up, hence GST turunkan harga barang is only on paper.

    Like or Dislike: Thumb up 19 Thumb down 0
    • In closely monitored businesses such as cars, there was price reduction when GST came. But in other businesses where theres no oversight, these unethical pipu took to increase their profit margins. However, gov then gets a cut of it, becoz business income taxation on profits needs to tally with GST returns. Now with SST back, businesses no need reduce prices, can underdeclare profits again and lower taxation onto them.
      Gov lose.
      Rakyat lose.
      Businesses untung.
      The rich untung.

      Like or Dislike: Thumb up 17 Thumb down 22
      • economist on May 23, 2018 at 7:15 pm

        Gov lose – Correct. Previous Gov lost their income in the form of corruption.
        Rakyat lose – Wrong. Without corruption, more money flows back into the pocket of rakyat. which means they have more buying power.
        Business untung – Correct. Lower goods price means more business transactions, which translates to better economy for the country.
        The rich untung – Very Wrong. The rich don’t care about GST or SST, they only buy what they want. Just ask your previous PM’s wife how much she spend to buy her collection of handbags. Does she untung when GST is abolished?

        Like or Dislike: Thumb up 17 Thumb down 2
        • Economist bawah pokok.
          Gov lose – so u agree that PH gov will lose becoz now SST they will lose income due to underdeclaration?
          Rakyat lose – how can money flow back when prices will increase further and the sellers now can profit extra via underdeclaration? Ur logic tarak ngam with reality.
          Business untung – agree, becoz pipu will still buy even when kena fleeced, but with SST, they dunno they kena fleeced. Its nice to be ignorant, is it?
          Rich untung – if business goes up and their profits goes up, of cuz the rich untung. How can u say it very wrong? Ur this logic tarak ngam with ur previous logic wei. Of cuz they prefer SST. Can hide profits & buy more yachts.

          Like or Dislike: Thumb up 5 Thumb down 11
          • economist on May 24, 2018 at 12:12 pm

            Hahaha… I may be economist under pokok but i can still tell the difference between right and wrong.

            Gov lose – You are correct that they will lose income but not via under declaration that you try to ‘fitnah’. Didn’t you know that PM has implemented 10% MY ministers salary cut in order to cut debt from 65% of GDP that your previous gov created?
            Rakyat lose – You say the prices will increase. Show me the items that have their prices increased from the abolishment of GST. Don’t talk without proof else you’re just delusional.
            Business untung – I’m sorry but people are not ignorant like you. People buy when they find value in things, not just anything. According to your logic, if SST can kena fleeced, GST also can right?
            Rich untung – Wait a minute… Didn’t you say that prices will increase further? So how does business goes up and the rich untung? It’s your logic that got problem. GST or SST, Birkins buyers will still buy Birkins.

            Like or Dislike: Thumb up 12 Thumb down 2
          • And yet u still cant tell right from wrong.
            Gov- the salary cut is small peanuts compared to the lost in underdeclaration by the businesses. Now a 90% cut pulak…
            Rakyat – https://paultan.org/2018/05/14/etcm-says-prices-might-go-up-slightly-post-sst-price-protection-scheme-will-also-apply-to-nissan-models/ Nuff said.
            Business untung – nope. Under GST, the room for excessive untung is visible. Under SST, u no need to declare to gov anymore, so untung more or less is up to u to say only.
            Rich untung – u alredi said that pipu will still buy, so with more profits per sale under SST, the rich not lagi untung meh? Better check ur logic dude.

            Like or Dislike: Thumb up 2 Thumb down 11
          • Nuff Said on May 25, 2018 at 12:23 am

            “We find that the country’s finances for example, was abused in a way that now we are facing trouble settling debts that have risen to a trillion ringgit.” – Tun M

            “1MDB Lied About Paying Debts & Got RM7 Billion Bailouts From BN” – LGE

            Conclusion: BN is corrupted and has costed taxpayers billions upon billions. The poor rather subsidies for the rich than to continue paying for the thieves of MY. John, u are a disgrace to the country for defending the thieves. It is u that can’t differentiate between right and wrong, not others. Nuff said.

            Like or Dislike: Thumb up 7 Thumb down 1
  • Holofanboi on May 23, 2018 at 5:33 pm

    To all the staff at Paultan, please stop this practice of putting a female at the thumbnail (whether near or far) but upon clicking the article, said high-resolution female is mowhere to be seen.

    In this era of gender equality, woman deserves representation and as your loyal reader, I believe it is my duty to review, inspect and audit any female-related images.

    Yours lovingly, <3
    Bored reader at airport.

    Like or Dislike: Thumb up 1 Thumb down 6
  • Well, based on some people logic, 10% is still less than 6%..

    Like or Dislike: Thumb up 4 Thumb down 4
    • What can you expect from them when their FM said payment in another form is not considered as payment.

      Like or Dislike: Thumb up 3 Thumb down 9
    • logic on May 24, 2018 at 12:57 pm

      How come Gov can collect more from 6% GST(40B) than 10% SST(10B)? Not logical right?

      Like or Dislike: Thumb up 9 Thumb down 2
  • john badut on May 27, 2018 at 12:21 am

    To john the bn licker: HAHAHAHAHAHAHAHAHAHAHAHAHAHA!
    Thank u for making us laugh with ur stupidity.

    Like or Dislike: Thumb up 17 Thumb down 4
    • Nak main tapi kalah teruk lettew. Padan mukak

      Like or Dislike: Thumb up 4 Thumb down 8
      • Teman Permainan on May 28, 2018 at 11:28 pm

        Siapa yg kalah? Oh wai…
        Don’t need to change ur nick, john. We know it’s u. Now we know not only u have fake likes, u have fake dupes as well. Oops…
        Nak terus permainan tak, john?

        Like or Dislike: Thumb up 9 Thumb down 3
 

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