SST stands for Sales and Service Tax and is a consumption tax in Malaysia that is charged on the sale of goods and services.
SST is made up of two separate taxes:
Sales Tax – This applies to taxable goods either manufactured in or imported into Malaysia
Service Tax – This applies to specific services provided by businesses in Malaysia. It is charged on taxable services such as the provision of financial services by any person regulated by Bank Negara Malaysia, Securities Commission and Labuan Financial Services Authority (“LFSA”) in relation to fees, commissions or similar payments, unless specifically exempted.