The remaining three are securities brokerage and underwriting, amusement park operations and training services, Customs director-general T Subromaniam said.

“Companies providing such taxable services with a total value of more than RM50,000 per annum must be registered with Customs on or before Feb 28, 2019.

“They have been given two months to register their businesses and prepare for service tax collection,” he told a press conference here today.

Subromaniam said about 5,000 to 10,000 companies offering these services were expected to be registered.

The Customs Department, he said, would release an industry guide to assist them in the smooth registration and implementation of the SST system.

“The companies involved can also get further details through channels such as the MySST portal, the Customs call centre and state Customs offices,” he said.

Subromaniam explained that the wider scope of services covered was intended to raise the government’s revenue collection, adding that the revenue would then be channelled to the people, especially the B40 group, through various incentives and infrastructure.

Meanwhile, he said the service tax exemption involving the professionals’ group (Group G) that provided the same services to other registered individuals in the same group, which would be implemented tomorrow, would benefit 20,000 to 25,000 companies.

He said the tax exemption would also prevent cost increases due to double taxation and retain the local services industry’s competitiveness.