6% SST Begins On 1 September 2018 at YMCA KL



01 Sep 2018

Implementation of Sales Tax & Service Tax (SST)

6% SST Begins From 1 September 2018 At YMCA KL

The YMCA of Kuala Lumpur wishes to inform that in accordance with the implementation of Service Tax Act 2018, beginning 1st September 2018, the 6% Service Tax (ST) charges will appear in members/customers’ bill starting 1 September 2018, according to their accounts’ respective bill cycle.

 

Information about Sales Tax & Service Tax 2018

What is SST?

SST consists of Sales Tax Act 2018 and Service Tax Act 2018.

Manufacturers are licensed for Sales Tax while Traders/Service Providers are licensed for Service Tax upon reaching the prescribed threshold.

What is the rate for Sales Tax and Service Tax?

Sales Tax is charged on taxable goods that are manufactured in or imported into Malaysia and the rate of tax is either exempted, 5%, 10% or a specified rate. Service Tax is on taxable services by a taxable person and the rate of tax is 6% .

Where can I obtain more information about SST?

More information can be obtained from customs website at:

http://www.customs.gov.my/en/hl/_layouts/15/CustomApplication/Announcement.aspx

https://mysst.customs.gov.my/

 

We have emailed to all YMCA KL Members, Business Partners and Customers of this change. Should you require further clarification, please contact us through ymcakl@ymcakl.com. For business and partners, you can also contact your respective Department contact for further clarification.

 

Thank you.

 

 

If you have enquires, contact us at:

95, Jalan Padang Belia, Brickfields, 50470 Kuala Lumpur.

Tel: +603-22741439  |  ymcakl@ymcakl.com

 


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