SST expansion to have minimal impact on SMEs, say economists

Free Malaysia Today

The scope of the service tax will be expanded to cover rental, leasing, construction, financial services, and private healthcare and education services from July 1.   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/06/17/sst-expansion-to-have-minimal-impact-on-smes-say-economists   Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/06/17/kesan-minimum-beri-peluang-pks-berkembang-kata-penganalisis   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #SST #Expansion #SME

Transcript

00:00According to economist Aimi Zulhazmi Rashid, exemptions for certain services and a higher

00:06threshold value will minimize the impact of the sales and service taxes expansion on small and

00:12medium-sized enterprises. Economist Ahmed Razman Abdul Latif of Putra Business School also agreed

00:18that the government's move to raise the threshold value would only impact large companies. Meanwhile,

00:25Class F Bumiputra Contractors Association President, Tukiman Radion, said although his members are

00:31expected to be unaffected by the service taxes expansion, there are still concerns about ripple

00:36effects. Effective July 1st, the scope of the service tax will be expanded to cover rental,

00:42leasing, construction, financial services, and private healthcare and education services.

00:48dr.

00:53kerajaan dapat mungkin perlu diberi sedikit kelonggaran. Itu telah dilaksanakan contohnya untuk kedai makan.

01:01Nilai ambangnya dinaikkan ke 1.5 juta. Untuk pembinaan juga telah digunakan nilai ambang yang lebih

01:11which is $1.5 juta, so it might be less than a small contractor.

01:19Also for clinic, the amount of $1.5 juta.

01:26Danish Rajareza, FMT

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