News & Reviews:   service tax

Transport Minister Anthony Loke Siew Fook has revealed that the Cabinet will discuss maintaining the service tax for domestic flights at 6% instead of 8% as per the new service tax rates. He added that his Ministry will also discuss the matter with the Finance Ministry (MOF) since taxes fall under the latter’s purview.

If you're not convinced about how big online transactions can be, you just need to see the figures for 2020. Our government announced a new Digital Services Tax last year that targeted online platforms like Google Play, Sony PlayStation Store, and more. Today, the amount collected was announced.

ATTENTION! For those who are currently subscribed to any streaming service or cloud storage service, bear in mind that you will have to pay 6% more of the price starting from next year. We have actually noticed that the tax imposement would be coming to us from the budget report that was announced earlier this year. However, a recent G Suite email was sent to users to remind them that the 6% will be coming to haunt you sooner than you’ll ever realize.