KUALA LUMPUR, Sept 18 – Kuala Lumpur Hawkers and Petty Traders Association (KLHPTA) said the implementation of the Sales and Service Tax (SST) has no significant impact on prices of goods sold by hawkers and traders.
KLHPTA chairman Datuk Ang Say Tee said the change of taxation also did not cause a sharp rise or fall of prices.
“The SST caused some of the prices of items to go up, but it depends on the type of goods and services.
“The impact of (SST) is not so significant to the hawkers’ and traders’ businesses,” he said at a press conference on the Mid-Autumn Festival at Central Market here today.
He also acknowledged that through SST, the profit generated by traders and petty hawkers was not as big as during the implementation of the Goods and Services Tax (GST) system.
Ang said, however, that hawkers and traders were more burdened with the Ringgit currency drop and the new minimum wage had yet to be implemented.
“As the minimum wage level has remained unchanged, and with the implementation of the tax system, the people’s purchasing power has become weaker and this impacts sales revenue,” he told reporters after announcing the annual Mid-Autumn Festival programme which would be held on Sept 22 in collaboration with Central Market.
There will be avariety of exciting activities and shows reflecting the diversity of Malaysian culture at the Performing Arts Marketplace.
This festival is also held in conjunction with Central Market’s 130th anniversary.