Service Tax increases to Six Per Cent

KUALA LUMPUR, Oct 15 (Bernama) -- The government has proposed that the service tax on all taxable services be increased to six per cent from five at present to generate additional tax revenue for national development.

The effective date of implementation of the proposal is Jan 1, 2011, it was stated in the Budget 2011 proposals tabled in Parliament Friday.

This rate is not applicable to credit cards where the service tax is charged at a specific rate of RM50 annually on principal cards and RM25 for supplementary cards.

http://malaysianlaw.my/newsitem.aspx?id=MLTIC-161010-LN-11&Cateid=1&Title=Service Tax increases to Six Per Cent