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Free Malaysia Today
9 hours ago
- Business
- Free Malaysia Today
View revised SST in broader fiscal context, tax expert tells M'sians
Basic necessities will continue to be exempted from sales tax, but a 5-10% rate will be imposed on non-essential items. KUALA LUMPUR : The revision of sales tax rates and the expansion of the service tax scope form part of targeted fiscal measures to keep the nation's finances on a sustainable path, say tax experts. PwC Malaysia tax leader Steve Chia said the review of the sales and service tax (SST) was expected, having been announced in the 2025 budget last October, and urged the public to view it in a broader fiscal context. 'While it is aimed at supporting the medium-term fiscal goals, a search for a longer-term solution remains necessary to ensure sustainable revenue contributions for the country. 'Although the current expansion is relatively broader, the government is committed to containing the scope to selected and non-essential goods and business-to-business (B2B) services to ensure the rakyat will not be burdened,' he told Bernama. Finance minister II Amir Hamzah Azizan had announced that the government would implement the revised SST from July 1 to strengthen the country's fiscal position and improve support for public welfare. Chia said a key challenge would be ensuring cascading costs are either eliminated or not passed along the value chain. 'Since the budget was announced, the government has made efforts to engage the relevant stakeholders, including industry associations and tax professionals, to ensure the revisions are well-informed and the impact on industries are taken into consideration. 'Therefore, the change is aimed at strengthening Malaysia's fiscal position by increasing revenue and broadening the tax base. 'We can see that the government is careful in identifying areas for rate increases and scope expansion to protect and cushion the impact on the rakyat at large.' KPMG Malaysia's head of tax Soh Lian Seng however said the current SST framework is often viewed as less comprehensive than the previous goods and services tax (GST) scheme. 'This revision appears to be an effort to make the tax structure more progressive, broadening the base while ensuring the burden does not disproportionately fall on the rakyat. 'Expanding the scope of taxable services and revising rates can help improve revenue collection, which is essential for Malaysia's medium-term fiscal consolidation,' he said. Soh said the government is likely aiming to enhance fairness and efficiency in tax collection by refining the scope and structure of the SST. Soh said there may be a short-term spike in consumer spending as people rush to make purchases before the new rates take effect, similar to what was observed in 2015 ahead of the GST's implementation. 'However, this is likely to normalise within the next few months. In regard to concerns about inflation, the impact should be modest. 'While there are exemptions and reliefs in place to cushion the impact, the net effect should still contribute positively to government coffers, supporting broader fiscal sustainability,' he added.
The Star
02-05-2025
- Politics
- The Star
Singapore GE2025: Polls a chance to elect more opposition to speak up for Singaporeans, says SPP
Singapore People's Party candidates contesting Bishan-Toa Payoh GRC speaking to people at Bishan Bus Interchange on May 1. - ST SINGAPORE: Voters can help opposition parties grow stronger at the coming polls and give them a chance to speak up for Singaporeans, said Singapore People's Party (SPP) secretary-general Steve Chia. Speaking to reporters near Bishan Bus Interchange on May 1, Chia said Singaporeans are now more receptive to opposition politicians. If the opposition can win one or two more group representation constituencies, Singapore is on the road to full democracy, he added. The 54-year-old said: 'We are doing whatever we can to push for change, to push for a better standard of living, a better discussion of ideas for Singaporeans and for everybody. So, this is a moment of change.' His Bishan-Toa Payoh GRC team includes SPP chairman Melvyn Chiu, 45, and new faces Muhammad Norhakim, 31, and Lim Rui Xian, 37. They are facing off against a PAP team comprising Transport Minister Chee Hong Tat, 51; Saktiandi Supaat, 51; Elysa Chen, 41; and Cai Yinzhou, 35. Chia, who contested his first general election in 1997, said there was a 'great fear' at the time and people did not dare to speak to opposition politicians. This has changed. Now, people come up to them and thank them for giving them a credible alternative to the ruling party, said Chia, who was a Non-Constituency MP between 2001 and 2006. When asked about his team's chances at the end of the nine-day campaign, he said he is unsure how people will vote, but added that SPP can only do its best and reach out to Singaporeans with its message. He said: 'We don't go around scolding the opponent. We have had a very fair campaign. We fight on ideas and policies. Whether we can cross the 50 per cent plus one vote, we don't know. 'We reach out to many people, but there are still many people we are not able to reach because it's only nine days. There's only so much we can do. 'We just hope that when they listen to the interviews... they will give the consideration that we are doing the best we can to bring up the standard of politics... and democracy in Singapore.' At a PAP rally on May 1, Chee said he will push to get a hawker centre up and running in Bishan. When asked, Chia responded that his party, too, would like to build a hawker centre in Bishan if it had access to funds like the ruling party. He said: 'When we, the opposition, propose ideas, we get queried, 'Where are you going to get the money? Where to get the funding?'' - The Straits Times/ANN
Straits Times
01-05-2025
- Politics
- Straits Times
GE2025: Polls a chance to elect more opposition to speak up for Singaporeans, says SPP
GE2025: Polls a chance to elect more opposition to speak up for Singaporeans, says SPP Follow our live coverage here. SINGAPORE - Voters can help opposition parties grow stronger at the coming polls and give them a chance to speak up for Singaporeans, said Singapore People's Party (SPP) secretary-general Steve Chia. Speaking to reporters near Bishan Bus Interchange on May 1, Mr Chia said Singaporeans are now more receptive to opposition politicians. If the opposition can win one or two more GRCs, Singapore is on the road to full democracy, he added. Mr Chia, 54, said: 'We are doing whatever we can to push for change, to push for a better standard of living, a better discussion of ideas for Singaporeans and for everybody. So, this is a moment of change.' His team includes SPP chairman Melvyn Chiu, 45, and new faces Muhammad Norhakim, 31, and Lim Rui Xian, 37. SPP is facing off in Bishan-Toa Payoh GRC against a PAP team comprising Transport Minister Chee Hong Tat, Mr Saktiandi Supaat, Ms Elysa Chen and Mr Cai Yinzhou. Mr Chia, who contested his first general election in 1997, said there was a 'great fear' at the time, and people did not dare speak to opposition politicians. This has changed, he added. Now, people come up to them and thank them for giving them a credible alternative to the ruling party, said Mr Chia, who was a Non-Constituency MP between 2001 and 2006. When asked about his team's chances at the end of the nine-day campaign, he said he is unsure how people will vote, but added that SPP can only do its best, and reach out to Singaporeans with its message. He said: 'We don't go around scolding the opponent. We have had a very fair campaign. We fight on ideas and policies. Whether we can cross the 50 per cent plus one vote, we don't know. 'We reach out to many people, but there are still many people we are not able to reach because it's only nine days. There's only so much we can do. 'We just hope that when they listen to the interviews... they will give the consideration that we are doing the best we can to bring up the standard of politics... and democracy in Singapore.' At a PAP rally on May 1, Mr Chee said he will push to get a hawker centre up and running in Bishan. When asked, Mr Chia responded that his party, too, would like to build a hawker centre in Bishan if it had access to funds like the ruling party. He said: 'When we, the opposition, propose ideas, we get queried: 'Where are you going to get the money? Where to get the funding?'' Join ST's WhatsApp Channel and get the latest news and must-reads.
CNA
25-04-2025
- Politics
- CNA
GE2025: "Our percentage is going to be a lot higher", says SPP's Steve Chia on Bishan-Toa Payoh GRC
"I think that this time round, our percentage is going to be a lot higher," said Singapore People's Party (SPP) secretary-general Steve Chia, who is contesting in Bishan-Toa Payoh GRC for #GE2025. He added that it will be a "50-50 per cent chance" and that they are "working hard to make sure we cross the 50 per cent, with every hand that we shake." Mr Chia was also asked about his thoughts on his opponents from the People's Action Party (PAP) led by Transport Minister Chee Hong Tat.
Straits Times
23-04-2025
- Politics
- Straits Times
GE2025: PAP to face familiar rivals in Bishan-Toa Payoh GRC and Bukit Panjang SMC
SINGAPORE - The PAP will be up against the Singapore People's Party (SPP) for Bishan-Toa Payoh GRC once again, with a new anchor minister at the helm for the ruling party. Transport Minister Chee Hong Tat, 51, will lead the four-man PAP team for the GRC, following Defence Minister Ng Eng Hen's retirement from politics. Others on the PAP slate, which was confirmed on April 23 at the Methodist Girls' School (MGS) nomination centre, are Mr Saktiandi Supaat , 51, and political fresh faces Ms Elysa Chen, 41, a charity director, and social entrepreneur Cai Yinzhou, 35. The SPP team comprises secretary-general Steve Chia , 54, and party chairman Melvyn Chiu, 46, along with new faces operations executive Muhammad Norhakim , 31, and operations manager Lim Rui Xian , 37. PAP had bested SPP in the previous contest in 2020, taking 67.26 per cent of the votes. When asked about PAP's performance in the GRC over the last five years, Mr Chee said that it was 'something for our residents to decide', and that his team would do their 'very best to win the support, earn the trust of our residents and do more to rejuvenate our estate and improve their lives'. He added: 'Bishan-Toa Payoh is a mature estate, but we want to continue to rejuvenate our town so that it is a good home for residents of all ages... If they [residents] give us a chance to come in, if they support us, this is something that I hope we can do more for them in the next few years .' In his speech, SPP's Mr Chiu said that the short waiting time to Nomination Day 'forced' many parties to work overtime, and that it was a move to discourage them. He added: ' Unfortunately, we have to disappoint them. The Singapore People's Party, together with other opposition parties, have risen to the challenge and we have made it.' The party's secretary-general Steve Chia added: 'Time to reflect on the past five years of PAP policy. Has it made your life better?' Bukit Panjang SMC will also see a rematch between PAP incumbent MP Liang Eng Hwa , 61, and Singapore Democratic Party (SDP) chairman Paul Tambyah , 60, both of whom arrived at MGS with a host of supporters. Professor Tambyah, a senior consultant in infectious diseases at the National University Hospital, told the crowd after nominations closed: 'Vote without fear, vote for a Singapore where everyone can thrive. Vote for the SDP. ' Speaking to the media afterwards, Prof Tambyah said in Mandarin: 'I'm more confident about this SMC because I understand the residents' problem more. But it'll be harder this time. As you know, PAP can give a whole tray of eggs for one dollar (but) we don't have such resources. So it'll be hard to compete with that.' Still, he said that he has a 'good team' and believes he can get 49 per cent of votes. PAP's Mr Liang said to ST that he has the resources behind him to get things done. 'I have the resources with me, behind me to help me move things and improve things. So that's probably my strength. I know how to get help and support from the agencies or from our community partners, even some businesses. 'It's going to be a very close race. So I will do my best and hope I can provide, I can serve the residents again like how I did. And then to make life better for everyone.' Holland-Bukit Timah GRC, Marymount SMC Other teams contesting for Holland-Bukit Timah GRC and Marymount SMC also showed up at MGS. The line-up for the incumbent PAP team led by Foreign Minister Vivian Balakrishnan , 64, for Holland-Bukit Timah GRC, which remains unchanged, will have to defend the constituency against RDU, which is contesting there for the first time. Dr Balakrishnan's team includes Senior Minister of State for Foreign Affairs and National Development Sim Ann, 50, lawyer Christopher de Souza, 49, and businessman Edward Chia, 41 . Dr Balakrishnan thanked residents for the privilege of serving them for 'many years'. 'You know us, you know what we stand for, and what we believe. We've done our best, upgraded our town, stood with your families in good times and tough times, we've protected our greenery. But there's so much more to be done and the world is in an uncertain place,' he said. 'We will secure a better future for your children and your grandchildren. But we need your support, but we will need your vote.' RDU's Emily Woo, 59, who was originally set to be fielded in Jurong Central SMC, replaced business owner Patrick Tan , 70, to contest in the constituency alongside financial consultant Fazli Talip , 43, assistant engineer Sharad Kumar, 25, and operations manager Nizar Subair , 57 . The decision to replace Mr Tan with Ms Woo was a 'collective decision by the election committee', said Mr Fazli. He added: 'Emily also is a good team player to the team. And she actually grew up in Holland-Bukit Timah in her younger days, so her experience really helps the team as well.' Ms Woo, a music teacher who said she grew up in the Ghim Moh area, said: 'I believe that there are people who need help, for example, the residents in the rental blocks. So we will do our best.' As for Marymount SMC, Minister of State for Education and Manpower Gan Siow Huang , 51, will defend her seat against PSP's Jeffrey Khoo, 56. Addressing the crowd at the nomination centre, PAP's Gan said she was 'deeply touched' by the trust of the voters who elected her to serve as their MP five years ago. 'Since then I've made it my duty not just to listen, but to t ake action and to deliver with purpose,' she said, adding that she and her team have introduced new community programmes and upgraded the estate over the years. In his address to supporters, Mr Khoo said: 'It is especially in these challenging times that we need to put Singapore first, we need to have more alternative voices in parliament for a better outcome s . 'Your vote is your voice, and this is how change happens, one person, one decision, one vote. The moment is now. Vote for change, vote for progress for all.' Show of support About 200 PAP supporters arrived at MGS in buses as early as 10am. Mr Yan Tan, 40, a volunteer at the Bishan East-Sin Ming PAP branch for the past 12 years, came to support Ms Chen, a candidate for Bishan-Toa Payoh GRC. Mr Tan, who works in the finance industry, said that 'PAP is the right leadership for Singapore to move forward'. He added: 'Being in the finance industry, we attract a lot of capital flows, because we are stable and have the right policies - this can only continue to happen if we have the right leadership.' SDP supporter Mr Sidney Soon, 68, was among the first to arrive at MGS at about 9am. He described Prof Tambyah as a 'balanced and rational person'. 'I'm very impressed with his achievements,' said Mr Soon, who is a former SDA candidate who contested the 2011 general election. Dr Francis Pavri, 80, an adjunct professor with SMU, turned up to support PSP's Marymount candidate Mr Khoo. Mr Pavri used to be an SDP supporter while living at Woodlands, and when he moved to the West Coast a while back, threw his support behind PSP. He said: 'I feel as a citizen it's my responsibility. There should be more voices in Parliament. Absolute power corrupts absolutely. We need more opposition voices to temper that; it's a check and balance thing.' Mr Abdillah Zamzuri, a 41-year-old entrepreneur who has been volunteering with RDU since the last election in 2020, showed up with about six to seven other supporters. He said that he supports RDU because he believes 'in their values of building a more compassionate society'. Additional reporting by Christine Tan, Rosalind Ang, Samuel Devaraj and Wong Yang Join ST's WhatsApp Channel and get the latest news and must-reads.
