- Malaysia is considering consumption tax reforms, including possibly bringing back the Goods and Services Tax (GST).
- Analysts say GST could help meet fiscal goals and provide more stable revenue than the current Sales and Service Tax (SST).
- The government is cautious because GST could raise inflation and increase living costs for lower
- and middle-income households.
- Any GST reinstatement would likely depend on stronger economic conditions and wage growth.
Source: asiaone.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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