Tag: Goods and Services Tax
Kenanga Investment Bank Bhd’s Wan Suhaimie Wan Mohd Saidie hopes the tax system can be reintroduced once the country’s financial position improves.
The former prime minister questions Finance Minister Lim Guan Eng on the need to change the tax mechanism since prices have not gone down.
Ex-minister Mustapa Mohamed hopes the PH government will not introduce new taxes to make up for the shortfall when reintroducing the sales and services tax.
Consumers Association of Penang protests against tax-exemption shown for luxury items such as Arowana fish, shark fin, lobsters, light aircraft, helicopters and cruise ships.
GST critics say the tax has raised living costs while supporters say it has given the government more income than the previous SST system.
The Penang chief minister says MCA president Liow Tiong Lai does not understand suffering of people due to the goods and services tax.
The Singapore government becomes the first in Southeast Asia to charge GST on imported digital services from 2020, with Malaysia expected to follow.
The statements are due from a total of 24,610 GST payers.
The food items include various seafood, imported fruits, noodles and coconut oil.
He says the country's income tax collections are more than enough, without the need for GST.
DAP secretary-general reiterates that consumers will not have to pay tax on goods and services even though the GST architecture will remain.
Besides indirectly pushing Malaysians to adopt wise spending, the GST is also widely regarded by local economists as the new goose laying golden eggs.