Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025

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Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025
Sales And Service TaxSSTAmir Hamzah Azizan
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BANGKOK: A man who authorities said was upset over his divorce settlement rammed his car into a crowd of people exercising at a sports complex in southern China, killing 35 and severely injuring dozens of others, police said on Tuesday (Nov 12).

KUALA LUMPUR: The enhancements to the Sales and Service Tax , effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan .

"Of the RM5 billion forecast, RM2.2 billion would be from sales tax collection while RM2.8 billion would come from service tax collection. Amir Hamzah said the scope of the service tax will be extended to include the provision of commercial services between businesses, or business-to-business, which is currently not taxed.

"The SST expansion focuses on the imposition of tax on specific goods and services so that essential food items and services are not subject to the SST imposition.

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Sales And Service Tax SST Amir Hamzah Azizan Finance Ministry Parliament

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