SST to be set at 10%, says Guan Eng

(FMT) – Finance Minister Lim Guan Eng today announced that the sales and services tax (SST) rate will be set at 10%, with the bill on the tax expected to be passed in Parliament next month. 

In his keynote address at the National Tax Conference 2018 at KLCC today, he said the SST was expected to bring in revenue of RM4 billion.

The government earlier said the SST would replace the 6% goods and services tax (GST) on Sept 1.