Expanded SST to have ‘low, manageable impact’ on households
The implementation of the sales and service tax (SST) is expected to have a low and manageable impact on households, according to early projections by the finance ministry.
Deputy finance minister Lim Hui Ying said this was due to various relief measures and exemptions aimed at ensuring that the tax burden is shared fairly and borne mainly by those with the capacity to pay, reported Bernama.
“It is still too early to gauge the full impact of the expanded SST on the public as it only took effect on July 1,” she told the Dewan Negara during a question-and-answer session today.
“However, based on initial projections, the overall impact on households is estimated to be low and manageable.”
Lim was responding to Senator Ros Suryati Alang, who asked about the effects of the SST’s expansion and whether it had helped the government finance its expenditure…
