Malaysian PM Anwar Ibrahim announces RM3bn SST revenue collection increase for public aid.

Malaysian PM Anwar Ibrahim announces the government expects to collect RM3bn from the wider scope and increase in Sales and Service Tax (SST). The 6%-8% increase in SST did not significantly affect inflation, and essential services like food, telecoms, water, and petrol remain untaxed. The government plans to use the SST revenue for direct public aid to improve healthcare, schools, and roads.

March 26, 2024
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