Tuesday, October 19, 2010

Service tax will be increased to 6%

Service tax, which is generally imposed in the food and beverage and hotel industries, will be increased to 6 per cent from 5 per cent previously from next year.

The 2011 Budget revealed that a strong financial position is crucial to ensure the well-being of the nation.

Malaysia Retailer Association president Eddie Chan said. "The rakyat will not be happy with the increase in tax but it won't be felt as badly in the long-term.

Hotel stays will now be slightly more expensive with an extra RM1 for every RM100 spent.

To read more, please click on the link: online news

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