- Malaysia will not reintroduce the Goods and Services Tax (GST) to replace the Sales and Services Taxes (SST).
- SST is considered a more targeted tax system and has been used in Malaysia for over 40 years.
- The government prefers SST because it generally exempts essential goods and services used by most Malaysians.
- Although GST is efficient and could increase government revenue, it may burden the poor, which the government wants to avoid.
Source: vatcalc.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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