Govt may get extra revenue of RM3.45b from service tax expansion

The government is expected to collect additional revenue worth RM3.45 billion from the expansion of the service tax and its increase from six percent to eight percent, according to the Finance Ministry.

The ministry said this in a written reply posted on the Parliament website today in response to a question from Ahmad Fadhli Shaari (PN-Pasir Mas) on the increase in national revenue when the new service tax rate came into effect on March 1...