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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Tax the rich so no problemo
1 TRILLION DEBT….tak malu ke john
I rather pay higher tax to a Government that will use the money to build more hospitals and help the poor
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!
It’s better to subsidies the rich than to subsidies a thieve. Don’t u think, john?
Nope. Subsidising a thief becoz he needs the money, but why subsidising the rich just to get richer?
“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
Some judgement did show leniency to the thieves by making them do community service instead of jail time. So whatcha tryin to say?
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
But why u justify subsidising the rich? They dun need the money. But a thief needs the money.
U stupid or what, john? Does the thieve of MY look like he needs money? He just want to STEAL the rakyat’s money
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.
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
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
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?
Again, john putar belit. PM has already proven u wrong. Just admit it
Shameful john….even puasa month want to come here and lie to all of us
Shameless him
Shame is the person in the mirror. Reflect on it.
another pakar ekonomi buta tuli, kesian
source? oh yes, dont need one. people just believe everything they heard from the gov now, how ironic.
oops now not 1 trillion anymore. wrong counting LMAO
last time john always say tax the rich so no problemo…
But now including tax the gullible as well. Hahaha!
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.
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.
Lessen in bloated 1.6mil civil servants.
Increase in education & healthcare funding. Voila!
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?
SPAD to go. MAI, GreenTech & Miros next
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?
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?
How do u know those depts isn’t the major headcount? Do u have the figures?
How do u know they arent? Do u have the figures?
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.
“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
“Change : it is the only constant in Life”
“All change is not growth, as all movement is not forward.”
– Ellen Glasgow
“Only in growth, reform, and change, paradoxically enough, is true security to be found.”
Anne Morrow Lindbergh
“Change simply for the sake of change is an abdication of leadership”
– John Luke Jr., Chairman and CEO of MeadWestvaco
“The world is changing quickly and we must be ready to change with it or risk being left behind.”
From your favourite: Najib Razak
“Transformational change is progress. Change without direction is chaos”
From your favourite: Najib Razak
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?
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.
Starting to list your good use yet?
1) Tax gone up; SST 10% vs GST 6%
Feel free to add to the list LMAO
“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…
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
Night of the Long Knives 2.0 kah? I’ll be waiting.
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.
maybe all the macai hide in the cave already hahahhaha
Guys, you know what to do with this troll. Vote like how you vote in election
Kick this troll out like how we kicked the highly corrupt government out
Previous gomen Tun M said got lebih 1 trillion debt woh. That means each Malaysian owes RM150k.
OMG OMG OMG OMG OMG OMG
Pity me, my Wife only uses a Rm150 handbag like Toh Puan Hasmah.
Toh Puan Hasmah handbag RM150 from Zalora.
Forgot to change fakename kah? Wakakakaka!
Faster buy your car now! Car price will be even higher after that
booked vellfire oredy
Booked a McLaren….
Tax free period but cars are still exhorbitantly priced!
If u can only afford Saga basic spec, of course its exorbitant to look at price of Vios highest spec. xD
Ok dah book pun my new car.
And Government tax at 6%???
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?
Better be careful….Pakatan is arresting all the spies and cybertroopers.
Gestapo alredi setup so soon, huh?
Alamak …Shukri is back.
can make it yearly event. 0% sst month.
Just wait the car prices with SST compared to car prices with GST. Don’t complain if the car prices become expensive.
Them bashers just got disillusioned
Deswai Khairy said them bashers got drunk on Kool-Aid and lost GE..
Air ketum more powderful than koolaid. Now price gonna be higher than in GST but they still dreaming and praising new Gov.
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.
Hurry up Proton. Launch Boyue ASAP.
In short, Paultan.org is saying – Buy before SST is reintroduced to enjoy cheaper cars. Got it Anthony Lim & many thanks. Cheers…
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 ?
Question: If abolish MAI, will cars / parts price will drop?
its high time that government approved selling price must be lowered significantly
interesting… a car is more important than daily necessity
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!!!
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!!!
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.
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.
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?
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.
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.
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.
“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.
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.
Well, based on some people logic, 10% is still less than 6%..
What can you expect from them when their FM said payment in another form is not considered as payment.
How come Gov can collect more from 6% GST(40B) than 10% SST(10B)? Not logical right?
To john the bn licker: HAHAHAHAHAHAHAHAHAHAHAHAHAHA!
Thank u for making us laugh with ur stupidity.
Nak main tapi kalah teruk lettew. Padan mukak
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?