KOTA KINABALU: Dried prawn and fish products are exempt from Sales and Services Tax (SST), said Finance Minister Lim Guan Eng.
Lim said the five per cent sales tax supposedly imposed on essential food products such as ‘ikan jeruk’ and ‘ikan kering/masin’ under the Fish and Sea Creature category was untrue.
“If there is, maybe it is overlooked. Perhaps, the tax imposed was based on the previous proposal list.
“There is a new list, which everyone should check. Dried fish and prawn, among other items, are exempt from SST,” he told reporters at a press conference after attending a SST briefing and forum here today.
However, he said people should propose to the ministry should they think there are more items, which should be exempted from SST.
“We will review. Perhaps there is a situation requiring us to review and we will decide by year end. The ministry has the power to make amendments,” said Lim.
Also present was customs director-general Datuk Seri Subromaniam Tholasy.
To ensure traders would not take advantage from SST, Lim said the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) would go to the ground to ensure there was no profiteering.
Meanwhile, Subromaniam said customs would work with KPDNHEP to look into setting recommended retail price to stabilised prices.
Earlier in his speech, Lim warned telco companies against deducting certain percentage from customer’s prepaid top-up card as the item was exempt from SST.
“When a customer purchases a RM10 prepaid top-up card, they should get RM10. We will assure customers get the same prepaid value.
“There should be no deduction (in prepaid card value). It should not be ‘we take first and rebate later’. We’ll sort out (this matter) with all telco companies,” he said.
Lim is expected to meet with telco companies tomorrow. © New Straits Times Press (M) Bhd