LatestGoods & Service Tax (GST) 30 October 2026
Malaysia Keeps SST, Skips GST Amid Cost‑of‑Living Concerns
Malaysia's Finance Minister Amir Hamzah confirmed the government will retain the Sales and Service Tax (SST) and focus on enhancing it, dismissing any shift to a Goods and Services Tax (GST). He argued GST would be regressive, hitting lower‑income households hardest as they spend a larger share of earnings on essentials, especially given the current high cost‑of‑living pressures.
Malaysia retains SST, rejects GST
- Finance Minister Amir Hamzah says the government will stick with the Sales and Service Tax (SST) and work on improving its framework.
- GST is not under consideration because it would be regressive, affecting low‑income families who spend a larger portion of their income on necessities.
- The decision comes amid rising living costs, prompting the ministry to focus on making the existing SST more efficient.
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