SST stays, with GST-style tweaks to curb cascading effect, Dewan Rakyat told
KUALA LUMPUR, Oct 7 — Malaysia’s total tax collection this year has reached RM129.6 billion, up nine per cen...
Malaysia's total tax collection for the year 2026 has reached RM129.6 billion, a nine per cent increase from RM119.1 billion in the same period in 2025, the Dewan Rakyat was informed today. Deputy Finance Minister Liew Chin Tong attributed the rise to a surge in corporate income tax collection, along with heightened sales and service tax (SST) revenues from the food and beverage, insurance, and logistics industries.
He emphasized the government's commitment to hitting its RM343.1 billion tax revenue target for the entire year.
Addressing a query from Opposition Leader and Larut MP Datuk Seri Hamzah Zainudin, Finance Minister Liew confirmed that the government plans to retain the SST framework. However, he added that the implementation would be tweaked with GST-style adjustments to prevent the cascading impact of taxes. The government aims to avoid double taxation and excessive cost pressures on businesses by incorporating GST-like elements into the SST system.
Liew explained that the longevity and simplicity of the SST system, which spans over 50 years, are compelling reasons to maintain it.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
