An economist has urged the government to scrap the sales and services tax (SST) and all other consumption-based taxes and replace them with a value-add tax (VAT) in the upcoming federal budget.
Nungsari Ahmad Radhi, chairman of Khazanah Research Institute, told FMT the proposed VAT should be set lower than the SST – at about 4%.
Source: freemalaysiatoday.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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