- Exemption for Imported Fruits: In response to public feedback, the MADANI Government has exempted select imported fruits, including apples, oranges, mandarin oranges, and dates, from the Sales Tax. This measure aims to alleviate the cost of living pressures on Malaysians while maintaining that essential goods such as rice, chicken, and fish will remain exempt from Sales Tax.
- Increased Service Tax Registration Threshold: To ease the burden on small businesses, the registration threshold for Service Tax on leasing, rental, and financial services has been raised from RM500,000 to RM1 million. This adjustment means that only businesses with annual sales exceeding RM1 million will be subject to Service Tax, providing relief to many Micro, Small, and Medium Enterprises (MSMEs).
- No Expansion of Service Tax on Beauty Services: The government has decided against expanding the Service Tax to include beauty services, such as manicures, pedicures, and hairdressing, following careful consideration of public sentiment. This decision reflects the government’s commitment to minimizing the financial impact on consumers and small businesses.
Source gov.my
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