Description

From 26 February 2024 onwards, the government has expanded the scope of service tax for few industries like logistics, repair or maintenance, brokerage and underwriting services and Karaoke Centre.

Logistics, repair or maintenance services may impact the business more if compared to the rest.

Example of logistics services are shipping, freight forwarding, warehouse management and others.

• Whereas, freight forwarding services will includes the following:
  (i) Customs Clearance;
  (ii) haulage Handling;
  (iii) Import and export documentation;
  (iv) Transport or shipping Insurance;
  (v) Packaging (for transportation purposes);
  (vi) Stock management;
  (vii) Transportation;
  (viii) Warehousing; and,
  (ix) Others.

Businesses who providing the above services and exceeded the threshold need to register and start to collect SST soonest possible.