Malaysia will impose a tax of between 5% and 10% on the sale of goods, while services will attract a 6% levy when a new tax regime comes into effect on Sept 1, Reuters reports, quoting the country’s customs chief Datuk Seri Subromaniam Tholasy. The Sales and Services Tax (SST) is being reintroduced after the government led by Prime Minister Mahathir Mohamad repealed an unpopular goods and services tax (GST) earlier this month. In June, Deutsche Bank published a report saying that maintaining Malaysia’s fiscal deficit at the budgeted 2.8% of gross domestic product (GDP) will be ‘hard’. Instead, it sees the gap widening to 3.1% this year. The widening deficit, however, does not warrant a rating downgrade, says the report.