GST and Conveyancing (Property)

GST In The Sub-Sale Market

GST (Goods & Services Tax) is a tax on sales & services, therefore a tax on all kinds of consumption. It was implemented and put into effect on 1 April 2015 as a replacement for the then widely used Sales & Service tax. Presently, the general rate of GST in Malaysia is 6% compared to the  SST which was 5%-15%. However, there are certain goods and services that are exempt from GST.

On a related note, the Malaysian Bar Council website has a FAQ for conveyancing transactions here. Below is a flowchart indicating what is taxable under the GST.

Categories of GST

GST In The Sub-sale Market: Taxable

Information verified by  Chee Hoe & Associates.

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