By Shikin Louis
KUCHING, May 15: Sarawak will impose State Sales Tax (SST) of 1.5 per cent on the export of ferroalloys and polysilicon effective Sept 1, 2024.
Deputy Premier and Second Minister of Finance and New Economy Datuk Amar Douglas Uggah Embas said the SST rate is a fair and reasonable rate on the affected companies as they are also enjoying other tax incentives from the federal government and favourable power rates from Sarawak.
“The revenue generated from this source will give us fiscal flexibility in enhancing our socio-economic development efforts which would include among others, implementing clean and renewable energy initiatives,” he said when presenting his ministerial winding-up speech in the Sarawak Legislative Assembly (DUS) sitting here today.
Moving forward, he said Sarawak government will continue to explore new opportunities to enhance and diversify its revenue sources.
This is imperative as Sarawak continues vigorously in pursuing its development agenda so that no one will eventually be left behind, he pointed out.
Uggah also informed the august House that after the imposition of SST on the export of selected timber products effective June 1, 2023, the Sarawak government collected RM14 million in 2023.
“For 2024, Sarawak is projected to collect RM33 million and as of 31st March this year, a sum of RM8.3 million has been collected,” he added. — DayakDaily
