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Malaysia’s 2025 Budget: Sales and Service Tax Hike Plans Unveiled

  • Malaysia plans to increase sales and service tax burden in 2025 Budget
  • Sales tax exemption for basic food items will be maintained
  • Sales tax on non-essential items like imported premium goods will be increased
  • Service tax will be expanded to new commercial service transactions between businesses
  • Consultations with industry will be held before finalizing details

Source: answerconnect.cch.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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