KUALA LUMPUR (Jan 30): The Federation of Malaysian Manufacturers (FMM) has proposed that the government defer the March 1 implementation of 6% service tax on logistic services to further study its exemption mechanism.

In a statement, the federation proposed that the government incorporate business-to-business (B2B) tax exemption to be extended from the manufacturing sector to the services sector as well, to reduce the tax burden on manufacturers.

Source: The Edge