BUSINESS

LABUAN CHAMBER OF COMMERCE, CUSTOMS DEPARTMENT HOLD DIALOGUE ON SST

04/03/2024 11:24 PM

By Jailani Hasan

LABUAN, March 4 (Bernama) -- The Labuan Chamber of Commerce (LCC) took proactive measures today by organising an engagement session between the Royal Malaysian Customs Department and stakeholders from various sectors in Labuan’s business and industry landscape.

The dialogue, attended by nearly 60 participants representing sectors such as logistics, freight forwarding, oil and gas, financial services, port operations, manufacturing, shipbuilding, food and beverages, entertainment, and small and medium enterprises (SMEs), aimed to address pressing concerns surrounding the Sales and Services Tax (SST).

LCC chairman Daniel Doughty said that among the attendees were representatives from University Malaysia Sabah, Labuan International Campus (UMSKAL), reflecting a collaborative effort to support Labuan Federal Territory and its surrounding community through shared goals and initiatives.

Doughty proposed exploring an exemption for Labuan from the SST, particularly for logistics services of goods to the island, and he emphasised the import-driven nature of Labuan’s economy.

“Additionally, participants stressed the need for communication from the Ministry of Finance (MOF) regarding the rationale behind the logistics tax and its alignment with Labuan’s broader economic strategy,” he said.

Doughty said that in response to the engagement session, the LCC and UMSKAL committed to preparing a comprehensive paper detailing the findings and comments of community and business stakeholders.

He said this document would be presented to the Minister in the Prime Minister’s Department  (Federal Territories), Dr Zaliha Mustapha, during her next visit to Labuan, advocating for the interests and well-being of the Labuan community.

“The LCC remains committed to fostering dialogue and seeking actionable solutions to ensure the prosperity and sustainability of Labuan’s economy and its people,” he said.

-- BERNAMA

 

 

 

 

 


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