- Opposition Leader Hamzah Zainudin proposed reintroducing Malaysia’s GST at a revised rate, saying current tax measures appear to be moving back toward GST in substance.
- He urged the government to be explicit about its tax direction so businesses and investors can plan and make financial projections with certainty.
- The article notes that Malaysia abolished GST in 2018 and replaced it with SST; earlier this year, the Prime Minister said the government was open to incorporating selected GST features into SST to build a more progressive tax system.
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.
