GST repeal bill tabled in Dewan Rakyat

KUALA LUMPUR: Five bills related to the abolition of the goods and services tax (GST) were tabled in the Dewan Rakyat this morning.

They include the Goods and Services Tax (Repeal) Bill 2018, Services Tax Act 2018, and Sales Tax 2018. Two other bills tabled seek amendments to the Free Zones Act 2018 and Customs Act 2018.

The five bills are expected to be debated at this sitting of the Dewan Rakyat, which ends on Aug 16.

The repeal of GST bill also considers liability and refunds on any overpaid tax. Among others, it states that anyone registered under the repealed act should furnish the returns for all supplies made in the taxable period and pay the amount of GST due. It also lays out details on claims and refunds.

The Services Tax 2018 and Sales Tax 2018 reintroduce the sales and services tax (SST) which will replace the GST. They empower the minister in charge to appoint the effective date for charging and levying the tax.

The bills also look into the classification of taxable services and the principles to be adopted for the purposes to determine the value of taxable services.

The government seeks to amend the Customs Act 2018 as a consequence of the proposed implementation of the SST system. The main amendment under this bill relates to the membership of the Customs Appeals Tribunal and its proceedings.

The amendment to the Free Zones Act 1990 seeks to remove matters relating to the SST in free zones as these matters will be provided for under the proposed Sales Tax Bill 2018 and Service Tax Bill 2018.