KUALA LUMPUR, Oct 9 (Bernama) -- The service tax rate for elderly care services will be reduced from eight per cent to six per cent effective Jan 1, 2027, with a full exemption for care fees of up to RM96,000 annually.
General : Service Tax On Elderly Care Services Reduced To Six Per Cent
Budget 2027, Anwar Ibrahim, allocation, senior cit
Key takeaways
Service tax on elderly care services reduced to 6% from 2027, with exemptions for fees up to RM96,000 annually.
- Service tax for elderly care services will drop to 6% from 8% in 2027.
- Elderly assistance allocation increased to RM1.3 billion for 200,000 recipients.
- Two National Integrated Care Centres will be established in Penang and Sarawak.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Also reported by Free Malaysia Today
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Related reporting
5 stories on this topic from 5 sources, oldest first.
- New Straits Times Govt reviewing SST for elderly care services
- Free Malaysia Today Service tax on elderly care services to drop to 6%
- Bernama General : Service Tax On Elderly Care Services Reduced To Six Per Cent (this story)