5 myths surrounding the SST expansion - Busted! - video Dailymotion

Free Malaysia Today

FMT takes a closer look at five myths surrounding the forthcoming expansion of the sales and service tax (SST) and debunks these common misconceptions.   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/07/10/debunking-myths-surrounding-the-sst-expansion   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 #Myths #Busted

Transcript

00:00Eh, please lah, say all you want about this expansion,

00:04but Jedi Mind Tricks won't work on me.

00:07Is that what you are saying about the newly expanded sales and service tax?

00:12Well, before you make your mind up about it,

00:15let's examine five common myths surrounding the SST.

00:19Ready?

00:21Myth number one.

00:23Some are claiming the SST will trigger widespread inflation.

00:28Nonsense!

00:28The SST is a single-stage tax that applies only to selected services

00:34and, unlike the goods and services,

00:36tax applies only at the point of sale.

00:39The GST, on the other hand,

00:42applies at every level of the supply chain.

00:45Yes, there may be some upward adjustments in some sectors,

00:49but fears of SST expansion causing inflation are misplaced.

00:54Myth number two.

01:01The thing is, essential goods and services like staple foods,

01:06public transport, and education will remain exempt.

01:10The expanded SST only covers premium, high-value, and niche goods.

01:16Yes, you may notice price changes in some areas,

01:21but the overall impact on your household expenses will likely not be much.

01:26Myth number three.

01:33Fears that businesses will not have enough time to comply are unfounded.

01:38The SST expansion was announced almost two years ago,

01:42when budget 2024 was tabled.

01:46This was not a last-minute thing.

01:49So, businesses have had ample time to gear up for it.

01:52Also, only businesses that earn a taxable service revenue

01:56exceeding 1 million ringgit will need to register.

02:00Smaller businesses have nothing to fear.

02:08Number four.

02:10This is a concern for industrial groups,

02:13especially if input services like logistics become taxable.

02:17However, tax exemptions are built into the supply chain

02:21to avoid the SST having a cascading effect on consumer prices.

02:25Any final cost impact will primarily depend

02:28on how businesses manage their operations

02:31and not solely on the imposition of SST.

02:39Myth number five.

02:41Honestly, this is a bit far-fetched.

02:45Unlike the GST, which is broad-based,

02:48the SST is much more focused and applies only once

02:52to either the sale of certain goods

02:54or the provision of specific services.

02:58Simply put,

03:00it's not the GST disguised as the SST

03:03coming back to haunt you.

03:06All in all,

03:07yes,

03:08the expanded SST will bring about some changes,

03:11but no,

03:12it's not going to turn your world upside down.

03:15AlphaT FMT.

03:21You will now follow FMT on social media.

5 myths surrounding the SST expansion - Busted!

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