- Malaysia is considering reforming its consumption tax system to make it more progressive and efficient, possibly by bringing back elements of the GST.
- Prime Minister Anwar Ibrahim said the current SST cannot stay unchanged because of weaknesses in the system.
- He described the GST as transparent and efficient, but noted its broad scope can burden poorer people.
- The government aims to combine the strengths of both systems without imposing a heavy tax burden during rising living costs.
Source: channelnewsasia.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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