- The government should evaluate any tax changes, including combining SST and GST elements, based on impacts on consumers, businesses, and the wider economy.
- BRO says the GST vs SST debate should consider retail-sector costs and the public’s cost of living, not just which tax is better.
- SST is more targeted, but expanding it may raise supply-chain costs; GST has a broader base and can reduce double taxation through input tax credits.
- If GST returns, it should start at a low rate, protect essential goods and services, and have fast tax refunds to avoid hurting business cash flow.
- Tax policy stability is important because changes create extra business costs, so Malaysia needs a fair, business-friendly system that supports long-term growth.
Source: sinardaily.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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