Reforming Malaysia’s Tax System: OECD Survey Calls for VAT or GST Implementation

The OECD Economic Survey of Malaysia highlighted the need for the country to reform its tax system, including potentially increasing the value-added tax (VAT) or introducing a goods and services tax (GST). The report emphasized the importance of broadening the tax base and reducing reliance on income taxes. It also recommended improving tax compliance and administration to enhance revenue collection.

Source: regfollower.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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