Kuala Lampur, July 22 -- KUALA LUMPUR, July 23 - The shopping mall industry is urging the government to reconsider the expanded Sales and Services Tax (SST), citing its impact on rentals, leasing and renovation services as operators face rising operational costs and narrowing profit margins.

In its latest Shopping Mall Industry Survey 2024-2025, the Malaysia Shopping Malls Association (PPK Malaysia) highlighted a growing imbalance between operating expenses and revenue, warning that the sustainability and competitiveness of malls are under threat.

In a statement today, PPKM said that although SST is imposed on tenants, it inevitably affects the entire ecosystem - compressing rental affordability, affecting lease renewals, and straining ...