Govt expects extra RM3bil next year from hike in service tax

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Govt expects extra RM3bil next year from hike in service tax
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BEIJING (Reuters): The Philippines has seriously violated Chinese sovereignty, Chinese foreign ministry said on Monday (Oct 16).

KUALA LUMPUR: The government expects an additional RM3 billion in revenue next year through the increase in the service tax rate to 8 per cent from 6 per cent.

"As has been mentioned, the MoF currently estimates that it will get RM3 billion from measures related to the service tax," he told reporters after the post-Budget 2024 discussion programme here today.

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