SST Increase: Breaking Down This Week’s Updates and Changes for Businesses

Ng Sue Lynn, Head of Indirect Tax , KPMG

29-Feb-24 12:00

SST Increase: Breaking Down This Week’s Updates and Changes for Businesses

Pause
Embed

Enterprise Explores and breaks down the latest SST developments and how it will impact businesses in the lead up to implementation tomorrow (March 1st) with Ng Sue Lynn, Head of Indirect Tax at KPMG.

In a surprise move, the service tax will now be imposed on maintenance and repair (M&R) services and on top of that it stated that it would be effective Monday, the 26th of February, which led to some confusion around the actual start date for the changes and updates to the SST and its increase.

On top of that there’s been some concern over how broad the term ‘Maintenance and Repair’ is and we also explore changes around how the service tax will be applied to the logistics industry, which has now been brought into the Service Tax fold for the first time.

Produced by: Roshan Kanesan, Kishan Sivaswamy

Presented by: Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: government, entrepreneurs, financial wellness

Tags: taxpayers, sst, tax, service tax, budget 2024,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Roti Boy founder Hiro Tan joins us to share his incredible journey from making pau as a child to a pivotal turning point at Wisma Sentral that sparked a regional franchise.

12:00 PM

Just For Kicks

(REPEAT) We return from the international break, raring to go ahead as the pundits look ahead to Matchweek 4 of the English Premier League, including the Manchester derby on Sunday.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan and his two guests, Michael Gong and Ahmad Yazid to talk about the appeal of action sports, the joy of missing out and what was it like growing up back then.

2:00 PM

Ringgit & Sense

(REPEAT) Idham Idris, Director of Corporate Treasury Investment Services at Wealth Vantage Advisory talks about financial goals in your 40s and 50s.

2:30 PM

The Property Show

(REPEAT) Patrick Au, CEO of VYROX discusses how the smart home technology has evolved over the years.

3:00 PM

Best of The Bigger Picture

(REPEAT) We speak with Nalini Elumalai, one of the key coordinators of the Gerakan Mansuh ISA rally in the mid-2000s, about the struggle to abolish the draconian law and the lessons learned along the way.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to Dewan Rakyat Speaker, Tan Sri Dato' Johari bin Abdul about the Indonesian protests and what it says about parliamentary accountability.

5:00 PM

BBC World Service

This episode of People Fixing The World focuses on a new method of farming that is helping the farmer’s community in Malawi.

PROGRAMMES