tags - Sinar Daily

Photo for illustrative purposes only. - Photo: CANVA

Despite the drag of regional conflicts and tariff-related headwinds, Malaysia's domestic fundamentals remain strong, enabling Malaysia to weather external shocks more effectively, he said in the preface of the Fiscal Outlook and Federal Government Revenue Estimates 2026 released by the Finance Ministry today. - 123RF photo

Domestic demand and confidence in households and firms have also subsided based on business sentiment indicators shown in the RAM Index and Purchasing Managers’ Index (PMI) due to uncertainty. - Photo: 123RF

The MOF said the SST expansion is targeted and includes certain facilities and exemptions as mitigation measures to ensure that the tax burden is fairly distributed and borne only by those who are capable. - Photo source: Canva

Perak KPDN urges consumers to stay alert to price changes following the reimplementation of SST and report any unreasonable hikes. (BERNAMA PHOTO)

In a written reply on the Parliament website yesterday, the MOF stated, however, that the principles of the HVGT have been incorporated into the revised sales tax structure, with luxury and discretionary items taxed at five or 10 per cent.

The roundtable discussion programme "Creating Resolutions" focused on the topic "Mapping the Journey of National Tax Reform" and featured panelists including Petaling Jaya Member of Parliament Lee Chean Chung, Tax lawyer Nur Hanina Mohd Azham from RDS Partnership (second from right), Indirect Tax Partner at Ernst & Young Tax Consultants Sdn Bhd Jalbir Singh Riar, (third from right) and President of the Bumiputra Retailers Organisation Malaysia (BRO) Datuk Syed Naqis Shahabuddin Syed Abdul Jabbar.

The ministry clarified that the SST revisions effective July 1 do not include any change in the service tax applied to hotel accommodation or food and beverages (F&B) served at hotels.

As Malaysia enforces its revised SST on imported fruits today, the irony is clear—fruit prices are rising just as the nation faces growing obesity and diabetes crises. Photo: Edited via Canva