0% GST Items in Malaysia: What You Need to Know
As of June 1, 2018, the Malaysian government has implemented the Goods and Services Tax (GST) at a rate of 0% on certain essential goods and services. This move aims to alleviate the burden of rising costs of living on Malaysian citizens, particularly the lower and middle-income groups. In this article, we will discuss the 0% GST items in Malaysia, and how they can benefit you.
What are the 0% GST Items?
The Malaysian government has identified several essential items that are exempted from the GST, meaning they are taxed at a rate of 0%. Some of the 0% GST items include:
Food Items
- Rice
- Sugar
- Flour
- Oil
- Fresh fruits and vegetables
- Meat (beef, chicken, fish, and lamb)
- Dairy products (milk, eggs, and cheese)
- Bread and other baked goods
Healthcare and Medical Services
- Medical consultations
- Hospital services
- Medicines and medical devices
- Health supplements
Education
- School fees
- Tuition fees
- Educational materials (books, stationery, and uniforms)
Other Essential Items
- Infant formula
- Diapers
- Sanitary products (pads and tampons)
- Toiletries (toothpaste, soap, and shampoo)
How Do 0% GST Items Benefit Me?
The 0% GST items can benefit you in several ways:
- Reduced Cost of Living: With essential items like food, healthcare, and education being taxed at 0%, you can enjoy lower prices and reduced cost of living.
- Increased Disposable Income: As you spend less on essential items, you will have more disposable income to allocate to other areas, such as savings, investments, or leisure activities.
- Fairer Tax System: The 0% GST items aim to create a fairer tax system, where the burden of taxation is reduced for the lower and middle-income groups.
Conclusion
The 0% GST items in Malaysia are a welcome relief for many citizens, particularly those who are struggling to make ends meet. By understanding what items are exempted from GST, you can make informed purchasing decisions and enjoy the benefits of reduced prices and increased disposable income.
