News & Media - Update

News & Media - Update

Revision of Sales and Service Tax to 8% Effective 1 March 2024

Dear Valued Customers,

With reference to the recent announcement made by the Royal Malaysian Customs Department, the Sales and Service Tax (SST) rate will increase from the current 6 percent to 8 percent effective 1 March 2024, applicable to all taxable services including consultancy and training services.

Please take note that the Securities Industry Development Corporation (SIDC) will implement the new SST rate at 8 percent for its consultancy and training services with effect from 1 March 2024.

For any inquiries, please contact our Finance Department:

Person in Charge Email Telephone No
Mohd Izamuddin 03 – 62048245
Mohamad Fairuz 03 – 62048739
Sharifuddin 03 – 62048644


Thank you for your continuous support.

SIDC – Delivering Professional Excellence