KTP & Company PLT

SST on Logistics

The Finance Minister announced that taxes for logistics services won’t apply to certain areas to avoid extra taxing at different levels.

The government made this change after listening to people’s concerns, including lawmakers, to make sure businesses aren’t paying too much tax when they use different logistics services.

From March 1, 2024, a 6% tax was planned for these services, but now the government says the following won’t be taxed:

⛔ Services for goods sent abroad.
⛔Services for moving goods from one ship to another at a port.
⛔Services for moving goods through a place without staying there.
⛔Door-to-door delivery services.
⛔Online delivery of food and drinks.

Businesses in logistics won’t have to pay this tax when they buy the same services from each other.

Read the full content in our hashtag#ktp blog https://lnkd.in/gwXpYy_M

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I’m Koh Teck Peng

Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.

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