A spokesman for the Ministry of Finance said that the government is refining the relevant guidelines and tax scope to ensure that the new policy can be implemented smoothly.
Prime Minister and Finance Minister Anwar announced the plan in the 2025 fiscal budget, including raising the service tax rate from 6% to 8% and expanding the scope of taxation, but maintaining a 0% tax rate on basic necessities.
As US President Trump announced a reciprocal tariff of up to 24% on goods from various countries, although the White House later suspended the implementation for 90 days, this move still had a huge impact on Malaysian exporters.
