Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said the rationale to reintroduce GST is to enhance the government’s revenue base, given current oil prices and the need for the goverment to maintain a sizeable budget deficit for this year and next year.
Source: thesundaily.my
Latest Posts in "Malaysia"
- RMCD Updates 2025 Guide on Management Services: New Tax Rates and Service Classifications
- Amended Service Tax Policy: Exemptions Removed for Financial, Rental, Healthcare, and Education Services
- Malaysia 2025 Tax Updates: E-Invoicing, Dividend Rules, and MSME Support Announced
- Malaysia’s 2025 SST Reform: Expanded Tax Scope, New Rates, and E-Invoicing Challenges
- Government Favors Enhancing SST Over Reintroducing GST for Faster Revenue and Fiscal Impact
