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Petrol is not exempted from the Goods and Services Tax in Malaysia

By Faiming_low on 15 Sep 2014

Attached Image The Goods and Services Tax (GST) is set to kick off in April in Malaysia, and petrol is not going to be on the exempted list of basic necessities according to Royal Malaysian Customs Department senior assistant director Ishak Daud in Kuala Lumper recently. He was quoted that the 80 or so items that will be exempted would be revealed in October at Malaysia's 2015 Budget.
 
Currently, both RON 95 petrol and diesel are exempted from the sales tax which the 6% GST is supposed to take over from. Assuming the rate of fuel subsidy, which RON 95 petrol and diesel enjoy from the government now stays the same, expect their price to increase after April 2015. RON 97 prices would not be affected since the subsidy is minimal and is driven by market forces.
 

gst, petrol, malaysia and 1 more...

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Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



  • 1
ManHong Sep 15 2014 12:14 PM

nothing can stop the boleh-land-goberment from rising their OWN income~

bellboy Sep 15 2014 05:25 PM

Malaysia everything also must match SG. 

 

SG got VEP. MY also must have VEP. 

 

Malaysian come SG shop, need to pay 7% GST.

So Singaporean go MY shop also need to pay GST. 

 

Najib huat ar. 

Leoloe Sep 16 2014 12:04 AM

Waiting to see when they might "adopt" our COE system

Aaronlkl Nov 25 2014 11:59 PM

Ai seh... Malaysia boleh!

  • 1
 
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