Consumer groups fear higher cost of living after SST
PETALING JAYA: Two consumer activists fear that the re-introduction of the Sales and Services Tax (SST) from Sept 1 may lead to price inflation and a higher cost of living.
Finance Minister Lim Guan Eng announced on Monday that the provision of services would be taxed at 6% and the sale of goods at 10%, the same rates as before the Goods and Services Tax came into play on April 1, 2015.
George said the association had hoped that SST rates should be 4% and below, and was dismayed that the government had announced the rates without getting feedback from consumer advocates.
“With the new Malaysia, there should be more consultation and discussion for feedback from “experts like us, so we can fine tune and come up with a win-win formula”, George said.