The current tax rate for sales tax is 5 and 10 while the service tax rate is 6. For advice on SST do not hesitate to contact Acclime.
Malaysia Sst Sales And Service Tax A Complete Guide
The tax rate is concessional at 20 of the statutory income derived for businesses that are approved after the tax exempt period is expired up to a period of 10 years.
. If your company is already GST-registered the MySST system will automatically register your company for SST. SST in Malaysia was introduced to replace GST in 2018. Buildings that are used with the sole purpose of approved business or expansion project as a BioNexus Company will get an industrial building allowance of 10 for a period of 10.
Malaysia Personal Income Tax Guide 2022 Ya 2021
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