- Malaysia is considering adding selected GST features to the current SST system instead of fully reintroducing GST.
- Experts and business groups support a hybrid model, especially GST-style tax credits, to reduce double taxation, tax evasion, and improve compliance.
- Stakeholders warn that changing SST could raise administrative burden and compliance costs, especially for SMEs.
- Clear rules, sensible registration thresholds, and fast input tax refunds are seen as essential to avoid cash flow problems and higher consumer prices.
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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