Differences Between GST and SST in Malaysia

Malaysia Goods and Services Tax (GST) replaced the Sales and Services Tax (SST) on April 1, 2015.

It is claimed that GST tax system is more transparent, efficient, effective and business-friendly. With GST, consumers know the real deal and there is only one standard rate at 6 percent. Sales tax rates may vary, from 5 percent, 10 percent to a specific rate. In the past, manufacturers and distributors normally do not show their SST tax rate other of the 6 percent service tax. Consumers are in the dark about tax value in transfer pricing.

Here are the differences between GST and SST summarized by astro AWANI:

differences-between-GST-and-SST-malaysia

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