- MCA proposes reinstating GST only after global conflicts subside, with a phased rollout over several years.
- Suggests groundwork in 2026, further preparation in 2027, and possible implementation in 2028.
- Recommends starting with a lower GST rate (3-4%) to ease transition, rather than the previous 6%.
- Emphasizes GST’s transparency, efficiency, and broader tax base compared to SST.
- Argues GST should not be tied to a minimum wage benchmark and urges focus on policies that benefit the country over political issues.
Source: businesstoday.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.
Latest Posts in "Malaysia"
- e-Invoice Specific Guideline v4.7 & FAQ Updates: What Phase 4 Businesses Need to Know
- Malaysia Clarifies “Used” for Sales Tax Drawback Claims
- Malaysia e-Invoice Regime: Scope, Timelines, Formats, and Key Rules from LHDNM FAQs (2026)
- Malaysia Grants Interim Relaxation for e-Invoice Implementation and Compliance Across Taxpayer Groups
- Malaysia e‑Invoicing: LHDNM General FAQs (Updated 5 May 2026)
