- Wong Ching Yong of SUPP urges the federal government to reinstate GST, claiming it is more effective than SST for stabilizing tax revenue and easing living costs.
- He criticizes the current government for abolishing GST, arguing that SST leads to higher prices due to multiple taxation.
- Wong says repeated changes to e-invoicing and SST thresholds show poor planning and lack of clear tax reform direction.
- He argues that GST, with input tax credits, is fairer and more transparent, and suggests it could be reintroduced at a low rate with exemptions for basic necessities.
- Wong believes reliance on e-invoicing and SST increases business costs and consumer prices, and calls for GST’s prompt reinstatement.
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.
Latest Posts in "Malaysia"
- Malaysia considers SST input tax credits for manufacturing and construction
- Malaysia Allows Backdated E-Invoices Under the Special Voluntary Disclosure Programme
- MyInvois SVDP Versions 1.2 and 1.3 Enable Back-Dated e-Invoice Submissions
- Finance Ministry Reaffirms SST as Preferred Tax System Over GST
- Malaysia Budget 2027 Proposes Targeted Sales and Service Tax Relief
