00:00As Malaysia gears out for a significant shift in its tax landscape, businesses and consumers need to prepare for the extended sales and service like SST set to take effect on 1 July 2025.
00:13Announced in Budget 2025 on 18 Oktober 2024, this expansion marks a pivotal move to strengthen Malaysia's fiscal framework under the Madani government, ensuring sustainable revenue to fund essential public services.
00:28With new goods and services now taxable, the changes will impact businesses in their pricing, compliance and operations across multiple sectors.
00:37And talking about the SST expansion and revision, I welcome you. Our guest ready on the set is Har Viddensi, the Council Member Chartered Tax Institute of Malaysia.
00:45I want to say thank you very much, Harvindu, for joining me, especially since the announcement we have been covering, this exclusively to understand from a consumer and even from the business perspective.
00:56Firstly, talking about the revision and the expansion of SST, how do you see this as an important step to strengthen country's fiscal resilience and even achieving the fiscal deficit target?
01:12Thank you. Firstly, Nina, it's a pleasure to be here. Thank you so much for the invitation.
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