- SAPA suggests reintroducing a simplified GST for a fairer and more efficient tax system in Malaysia.
- The revised SST framework includes positive elements like exemptions for residential property rentals and basic necessities.
- SST on private healthcare services applies only to foreign nationals, protecting Malaysians’ access to essential care.
- SAPA is concerned about the impact of SST on construction services and commercial property leases in Sabah.
- Taxing construction services could increase project costs and deter investment in rural areas.
- Including commercial property leases in SST may raise rental costs for SMEs in Sabah.
- SAPA proposes a 3 percent flat-rate GST to eliminate cascading tax effects and improve transparency.
- A simplified GST could align with international practices and attract foreign investment.
- SAPA advises reconsidering mandatory e-invoicing, as it poses challenges for small businesses in Sabah.
Source: theborneopost.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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