- The government is not ready to reintroduce GST as it would impact all segments of society, especially the poor.
- GST is a broad-based tax applied uniformly to all consumers, regardless of income.
- Anwar Ibrahim questions why the poor and unemployed should be taxed under GST.
- The government has postponed GST implementation to avoid burdening people struggling with the rising cost of living.
- GST may be considered if the economy improves and minimum wage increases.
- The government is retaining SST, which targets imported luxury items consumed by high-income earners.
- Tax revenue from high-end goods is used for infrastructure development like hospitals and schools.
- Tax revenue also funds development and welfare initiatives benefiting the people.
- The government is open to reviewing and enhancing the SST system.
Source: theedgemalaysia.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.
