How much tax revenue has SST returned to the people?

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SST Has Returned an Estimated RM23 Billion in Tax Collection to the People

The Sales and Service Tax (SST) has facilitated the return of an estimated RM23 billion in tax collection to the Malaysian populace. This initiative is part of the government's commitment to alleviate financial pressures, particularly for the bottom 40 per cent of household income earners (B40). The intention behind this tax remission is to stimulate consumer demand, enhance investor confidence, and consequently, bolster the nation's economic growth.
Impact of SST on the Consumer Price Index

The Sales and Service Tax (SST) constitutes a smaller proportion of the Consumer Price Index (CPI) basket of goods when compared to the previous Goods and Services Tax (GST). Specifically, SST accounts for 38 per cent of the CPI basket, whereas GST represented 60 per cent. This shift in tax structure aims to reduce the overall tax burden reflected in consumer prices.
Exemptions and Relief Measures Under SST

To further ease the financial strain on citizens, the government has implemented several exemptions from the SST. These include a range of essential items such as sardines, dairy products, tea, chili sauce, tomato sauce, cereals, yogurt, and sri kaya. Additionally, certain vehicles like motorcycles under 250cc and bicycles are also exempt, alongside fishing boats for fishermen.
Relief for Agricultural and Construction Sectors

The agricultural sector has also seen significant relief, with tractors and fertilisers now exempt from taxation, a departure from the previous GST regime where unregistered farmers faced taxes on fertiliser purchases. In the housing sector, key construction materials like sand, bricks, and cement have been removed from the taxable list. Furthermore, healthcare services, including consultancy, administration, and medical and ambulatory services, are not subject to SST.

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How much tax revenue has SST returned to the people?

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