SST is The standard 6% service tax that is charged for the unit sold.
For an MYR 100,000 property at a 3% commission rate:
- Commission inclusive SST payout is:
- MYR 2,830.19 + MYR 169.81 = MYR 3,000 (3%)
- Commission exclusive SST payout is:
- 3% (MYR 3,000.00) + 6% SST (MYR 180.00) = MYR 3,180