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Increase in Service Tax Rate (SST) from 6% to 8% | What You Need to Know

By 01/02/2024May 24th, 2024No Comments

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Dear valued customer,

We at GB Network Solutions Sdn Bhd, stand committed to keeping you informed and empowered in the face of upcoming changes that may impact your business operations. In line with the recent announcement by the Ministry of Finance on the National Fiscal (Budget 2024), we bring to your attention the proposed increase in the Sales and Service Tax (SST) rate from the current 6% to 8%, effective March 1st, 2024.

We fully aware that such changes can have financial implications on your budgeting, we want to make sure you know that we’re still committed to giving you great service. In an effort to assist you in navigating this transition seamlessly, we recommend exploring the following options before the new rate takes effect.

Understanding the Impact: Preparing for the SST Rate Increase

1. Pre-Registration Discount: If you’re a new customer, talk to us to find out about special deals before prices go up soon. Get in touch now to discover promotion plans before the upcoming rate increase. By taking advantage of this pre-registration discount, you can secure cost savings on our products and services.

2. Advance Service Renewal: For our existing clients, we encourage you to consider settling your invoices in advance before March 1, 2024. Revising your billing cycle can help you make the most of the current tax rate and reduce the impact of upcoming changes. Planning ahead lets you keep costs low and ensures your services continue smoothly.

We understand that these adjustments may raise questions or concerns, and our dedicated support team is here to provide any assistance you may need. Whether you require clarification on the new tax rate, guidance on choosing the most suitable plan, or assistance with your billing cycle adjustments, we are here to support you every step of the way.

At GB Network Solutions, we value your partnership and appreciate your understanding during this period of change. Our team is here to assist with any queries or needed support. We appreciate your understanding and look forward to continuing to provide you with optimized, cost-effective solutions.

For more information, please visit our website at https://www.gbnetwork.my or for any inquiries, please contact us at [email protected].

You can also stay connected with us and stay updated on all our product offerings through our social media channels – follow us on Instagram, Facebook, and X for the latest news and exclusive updates!

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For assistance, please contact our sales department at [email protected]