Kota Kinabalu: The State Government has collected a total of RM808 million in State Sales Tax (SST) on petroleum products as of June 30.
State Finance Minister II Datuk Seri Masidi Manjun said the amount was about 73 per cent of the total SST to be collected, estimated at RM1.1 billion.
“This brings the total sales tax collection on petroleum products since it was implemented on April 1, 2020 until June 30, 2022, to RM2.458 billion,” he said during a question-and-answer session at the State Legislative Assembly sitting, here, Tuesday.
Additionally, Masidi said the State Government will impose the SST on two more petroleum products effective Aug 1, namely ammonia and urea, which are estimated to contribute a total of RM46 million to the State revenue this year.
He said this is part of the State Government’s effort to expand its resources and increase revenue.
* Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
