Consumers can heave a sigh of relief as Traditional and Complementary Medicine (T&CM) services will now be exempted from the 8% Sales and Service Tax (SST) from March 1, a U-turn from what was previously gazetted. This reversal by the Finance Ministry reflects a consideration for the well-being of the people, prioritising healthcare accessibility , said Second Finance Minister Senator Datuk Seri Amir Hamzah Azizan.
He added that this exemption aligns with the Madani Malaysia concept, which is part of the Madani Economy Rakyat empowerment framework. “The decision was agreed upon by the Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim as this is a step to improve the health and comfort of the people.“At the same time, the Madani Economy framework will continue to empower small and medium enterprises (SMEs) which employ more than half of the labour in Malaysia. “The government has acknowledged that SMEs still have a journey ahead before they can enter the global marke
Traditional And Complementary Medicine Sales And Service Tax Finance Ministry Healthcare Accessibility Madani Malaysia Madani Economy Rakyat Small And Medium Enterprises Smes Global Market
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