Finance Ministry: SST to Remain, No Plans for GST Reintroduction Yet

• The Finance Ministry stated there are no plans to reintroduce GST for now.
• The current Sales and Services Tax (SST) will be retained and improved.
• SST provides a quicker financial impact for the government compared to GST.
• Reintroducing GST would require up to two years of preparation for businesses.
• The decision considers factors like disposable income and cost of living.

Source: thestar.com.my

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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