HLIB Expects Fiscal Deficit To Narrow To 3.8 Pct in 2025

KUALA LUMPUR, June 26 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects the fiscal deficit to be narrowed to 3.8 per cent this year (2024: -4.1 per cent), as announced in Budget 2025.

Apples, Oranges To Be Exempted From SST - PM Anwar

PUTRAJAYA, June 26 (Bernama) — The government will grant a Sales and Service Tax (SST) exemption for certain imported fruits, including apples and oranges, following public feedback regarding prices of local and imported fruits, Prime Minister Datuk Seri Anwar Ibrahim said.

Banks To Begin Charging Service Tax On Financial Services From July 1 Under Expanded Scope

KUALA LUMPUR, June 25 (Bernama) -- Member banks of Malaysia's banking associations will begin implementing the service tax on relevant financial services in phases from July 1, 2025, in accordance with the guidelines issued by the Royal Malaysian Customs Department.

Kenanga Investment Bank Revises 2025 Inflation Forecast Downward To 2.0 Pct

KUALA LUMPUR, June 24 (Bernama) -- Kenanga Investment Bank Bhd has revised its 2025 inflation forecast downward to 2.0 per cent from 2.7 per cent (2024: 1.8 per cent), while expecting Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate (OPR) unchanged.

New Applications For Revised Service, Sales Tax Scope Open From Aug 1 -- MoF

KUALA LUMPUR, June 22 (Bernama) -- The Ministry of Finance (MoF) has announced that new registration applications in relation to the expansion of the service tax scope and the revision of the sales tax rate, effective from July 1, 2025, can be made starting from Aug 1, 2025.

Auto Sector To Have Minimum Impact From SST Expansion -- CIMB Securities

KUALA LUMPUR, June 20 (Bernama) -- CIMB Securities Sdn Bhd has projected the upcoming Sales and Service Tax (SST) expansion in July 2025 to have a limited direct impact on the automotive sector.

SST Expansion To Have Limited Direct Impact On GDP, Inflation -- RHB IB

KUALA LUMPUR, June 20 (Bernama) -- The Sales and Service Tax (SST) expansion is expected to have a limited direct impact on gross domestic product (GDP) and inflation, as it primarily targets discretionary items and selected service sectors, according to RHB Investment Bank Bhd (RHB IB).

GST Not Suitable For Implementation Yet Because Rakyat's Income Still Low - PM Anwar

PUTRAJAYA, June 20 (Bernama) -- The Goods and Services Tax (GST) is an efficient and transparent taxation system, but it is not yet suitable for re-implementation because the rakyat’s income threshold is still low, said Prime Minister Datuk Seri Anwar Ibrahim.

MSM Reiterates Call For Tariff To Curb Dumping Of Imported Sugar 

KUALA LUMPUR, June 19 (Bernama) -- MSM Malaysia Holdings Bhd reiterates its call for a tariff on imported sugar to address the ongoing influx of low-priced Thai sugar into the domestic market.

Tax Expansion Vital To Ensure Fiscal Sustainability - PMO

KUALA LUMPUR, June 19 (Bernama) -- The country’s revenue generation remains limited, and tax expansion is necessary to ensure fiscal sustainability, according to the Prime Minister’s Office (PMO).

Govt Expects Inflation To Rise Less Than 0.25 Pct Following SST Review

By Zufazlin Baharuddin

PETALING JAYA, June 18 (Bernama) -- The inflation rate is expected to remain under control, with a projected increase of less than 0.25 per cent following the review and expansion of the Sales and Service Tax (SST) scope, effective July 1.

Govt Expects Additional SST Revenue Of RM5 Bln In 2025, RM10 Bln In 2026 Following Revision

PETALING JAYA, June 18 (Bernama) -- The Sales and Service Tax (SST) collection is expected to increase by RM5 billion in 2025 and by RM10 billion in 2026 following the review and expansion of the tax scope, which will be implemented starting July 1.