In the 2024 Budget tabled on 13 October 2023, one key proposal was to increase the service tax rate from 6% to 8%, effective from 1 March 2024.
Exceptions to this proposal would be food and beverage, telecommunication services, vehicle parking space services, and logistics services.
It is still unclear if other services that belong to the same groups as the services above (for example digital services belong in group I together with telecommunication services) are also excluded from the rate-hike.
Source: deloitte.com
