Malaysia to impose 5-10% tax on goods, 6% on services

The new taxes come into force on September 1, 2018. (Shutterstock)
Updated 30 August 2018
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Malaysia to impose 5-10% tax on goods, 6% on services

  • Taxes will be between 5% and 10% on the sale of goods, while services will attract a 6% levy
  • Prime Minister Mahathir Mohamad previously repealed an unpopular goods and services tax (GST)

KUALA LUMPUR: Malaysia will impose a tax of between 5 percent and 10 percent on the sale of goods, while services will attract a 6 percent levy when a new tax regime comes into effect on Sept. 1, the country’s customs chief Subromaniam Tholasy said on Thursday.
The Sales and Services Tax (SST) is being reintroduced after the government led by Prime Minister Mahathir Mohamad repealed an unpopular goods and services tax (GST) earlier this month.
The GST, which covered a broader range of items and services compared with the SST, has been set at 6 percent.


British Airways launches first direct flight from Dammam to London

Updated 17 min 18 sec ago
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British Airways launches first direct flight from Dammam to London

  • Flights will be operated by a four-class Boeing 777-200 departing year-round
  • Dammam will become the third route the airline flies to in Saudi Arabia

LONDON: British Airways has launched the first ever direct flight from Dammam to London Heathrow.
The carrier has already started selling tickets priced from SR2,480 for the new route which will start Dec. 1, 2019.
Flights will be operated by a four-class Boeing 777-200 departing year-round from Dammam’s King Fahd International Airport and landing in Terminal 5 at London Heathrow, British Airways said in a statement on Tuesday.
Dammam will become the third route the airline flies to in Saudi Arabia after Riyadh and Jeddah.
“This new link between Dammam and London underlines the importance of the Eastern province and the need for smooth onward connections to Europe and the United States, said Moran Birger, BA head of sales for the Middle East and Asia Pacific.
It will cut journey times between the two airports by three hours or more because passengers will no longer need to either drive to Bahrain or transit through Riyadh for a connecting flight, the airline said.