SST impact on inflation smaller than GST – BNM Governor


Abdul Razak Latif | 123rf

17 August, KUALA LUMPUR – The impact of the Sales and Services Tax (SST) on the country’s inflation would be much smaller compared to the Goods and Services Tax (GST), says Bank Negara Malaysia (BNM).

Governor Datuk Nor Shamsiah Mohd Yunus said this was because 52 per cent of the items in the Consumer Price Index (CPI) basket were subject to the GST, but only 28 per cent were subject to the SST under the old SST regime.

She told reporters this at a press conference on Malaysia’s second quarter Gross Domestic Product (GDP) growth here, today.