- Academician and think-tank recommend reintroduction of GST to reduce government budget deficits
- Malaysia Strategy Research Centre president suggests starting with lower rate/base and gradually increasing
- GST seen as more effective and comprehensive taxation framework compared to SST
- Institute of Strategic Analysis and Policy Research also urges government to reassess tax policy and reintroduce GST
- GST considered a more efficient alternative to HVGT, LVGT, and SST
- Concerns raised about inefficiencies in current tax system and limited scope of HVGT
- Government urged to address calls for reintroduction of GST for more sustainable and equitable tax system
Source: themalaysianreserve.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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