Service Tax Increase effective 01 March 2024

Dear Valued Clients, 

As part of the recent Budget 2024 announcement by the Ministry of Finance, there will be a significant revision in the Service Tax rate, escalating from 6% to 8%, effective 1st March 2024.

The updated tax rate will be applicable to all invoices issued on or after 1st March 2024, with payments made on or after this date being subject to the new rate.

To ensure a smooth transition and provide ample time for our clients to make informed decisions, we encourage everyone to visit for detailed insights into this change.

Additionally, we recommend settling any invoices dated before 1st March 2024, to maintain the current SST rate of 6% for those transactions. This measure allows our clients to navigate these changes seamlessly.

For further clarification, assistance, or to discuss potential adjustments to advance payments, please reach out to us at Our team is readily available to address any queries and provide support during this transition.

We appreciate your attention to this important announcement and look forward to continued collaboration.

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