TAX upon products and services for a period

The effect of the zero-percent of Goods and Services Tax (GST) on 1 June 2018 and the Sales and Services Tax (SST) which in 1 September 2018. For the first time in four decades, Malaysians will be taking a breather from taxes levied upon products and services for a period of three months.

With the zero- percent of GST, demand would increased for goods and services because of the prices of goods and services will be lower. For example, car is cheaper at zero-percent of GST. Many companies have revised for their cars prices and consumers could be saving thousands of ringgit than before such as prices for Perodua vehicles are priced lower for average 5.6% when the zero-percent of GST. Other than that the reduction of the selling price of new residential properties made the demand of commercial and residential units increased. This is due to lower cost of construction following the zero-percent of GST for building materials and construction services.REFERENCES


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