What’s on your mind..?
The past two weeks have been... hectic, to say the least. If I looked like I vanished off the face of the earth, it's because I was deep in the trenches with multiple things hitting me all at once — and not in the gentle, "ah, here comes a new challenge" kind of way. More like "here's everything, all at once, and also, surprise taxes!"
July 1, 2025 marks the official rollout of Malaysia's expanded Sales and Service Tax (SST) framework—one of the biggest fiscal overhauls since GST was scrapped. But beyond the headlines, the real action is happening behind the scenes: in databases, ERPs, accounting systems, and IT workflows across the country.
If you've been worried about getting taxed for withdrawing cash or using your e-wallet, rest easy—basic banking services will not be affected by the expanded Sales and Service Tax (SST). That's the official word from Malaysia's key banking associations, who issued a joint clarification on 26 June 2025 to clear up confusion surrounding the SST expansion.
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