Since the details of the NEW SST has not been announced. The only clue we have is that it will be an ENHANCED VERSION of the old Sales Tax Act 1972
& Service Tax Act 1975
.We are all equally excited to grab the SST Bill to see what will be the final Tax Rate, Taxable Period, Scope of Coverage (ie. industries affected by SST) and the Tax Compliance needed
Especially when the SST is expected to commence on 1st September 2018
. There is very limited time to learn and implement SST.
We will keep you posted when we get a copy of the SST Bill. (Do look out for our email starting next week.)