The government is not ruling out reintroducing the Goods and Services Tax (GST) which was abolished in 2018. “The government will stick to our strategy and is open to go through any ways to achieve fiscal sustainability through a wider revenue base.”Hence, whether it is going to be the GST, Capital Gains Tax or any form of direct and indirect tax, we will only decide on a case-to-case or year-to-year basis.
Source: nst.com.my
Latest Posts in "Malaysia"
- Malaysia Enacts 2025 Anti-Dumping Duties on Polyethylene Terephthalate and Tinplate Imports
- New Service Tax Guides Released for Credit Cards and Insurance Services Effective July 2025
- Updated Service Tax Guide Clarifies Logistic Services, Enhances Compliance and Practical Application
- Malaysia Amends Sales Tax Exemption for Cross-Border Vehicles, Effective September 1, 2025
- Malaysia’s 2025 SST Reform: Expanded Scope, Higher Sales Tax and e-Invoicing Implications
