Finance Minister Lim Guan Eng has clarified that fish and crustaceans based products such as dried and salted fish and shrimp are exempted from the sales and services tax (SST).
"That is not true. Dried fish, dried shrimp, salted fish, they are not taxed under the SST," Lim told reporters in Kota Kinabalu today.
He was responding to PSM, which today urged the government to exempt these items and others that are staples for the bottom 40 percent of society.
Lim said the tax on dried and salted fish and shrimp was only a proposal but was not implemented.
He also reiterated that the government may make more items tax exempt by year-end based on public feedback.
Meanwhile, Customs director-general T Subromaniam, who was also present at the press conference, said the government is working with the Domestic Trade and Consumer Affairs Ministry to set recommended prices for goods.
This is to stabilise market prices.
The SST came into effect yesterday, replacing the GST which was implemented under the previous BN government. -Mkini
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