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 Reduces Service Tax on Rental and Leasing to 6% with New Refund Framework
- Malaysia Extends Service Tax Exemption for Construction, Clarifies Rules for Religious Buildings
- Sales Tax Exemption for Raw Materials in Animal Feed, Fertilizer, and Pesticide Manufacturing
- Procedures for Invoicing and SST-02 Declarations: 2% Service Tax Exemption on Rental Services
- Service Tax Exemptions for Rental and Leasing Services: Key Amendments Effective January 2026
