LatestGoods & Service Tax (GST) 8 October 2026
2027 Budget Cuts Electricity Bills, Expands SST Role
The 2027 Malaysian budget cuts electricity tariffs and proposes merging the Goods and Services Tax (GST) into the current Sales and Service Tax (SST). The move aims to lower household energy bills and simplify taxes, giving relief as living costs rise.
Budget Highlights
- Electricity tariffs reduced to ease consumer costs.
- Proposal to fold GST into the existing SST framework, simplifying the tax system.
- Expected to lower household energy expenses and provide broader tax relief.
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