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GST reimplementation could reduce Malaysian car prices, says analyst – but is that really the case?

GST reimplementation could reduce Malaysian car prices, says analyst – but is that really the case?
paultan.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paultan.org Daily Mail and Mail on Sunday newspapers.

Berita Harian , Zakiah Jaafar , Datuk Aishah Ahmad , Wei Qing , Roslan Abdullah , Zafrul Abdul Aziz , Malaysian Automotive Association , Investment Bank , Eddy Do Wei Qing , New Straits Times , Tengku Datuk Seri Zafrul Abdul Aziz ,

Study to widen Malaysia's revenue base ongoing


The GST, which was implemented on April 1,2015 at a rate of 6%, was zero rated in 2018 and replaced with the current sales and services tax.
PETALING JAYA: The government is considering reinstating the goods and services tax (GST) system as part of its fiscal reform to broaden its revenue and reduce its dependency on commodities.
Finance Ministry deputy secretary-general Zakiah Jaafar said that the government is embarking on a study on how to widen the country’s revenue base, which includes reviewing the existing tax structure and possibly imposing new taxes.
“So now, we are slightly distracted in maintaining a countercyclical stance until recovery is fully entrenched despite limited fiscal room. ....

Malaysia General , Zakiah Jaafar , Stage Of Malaysia Development , World Bank , Next Stage , Malaysia Richard Record , Temporary Measures , Government Financing Act , Finance Ministry , Richard Record , மலேசியா ஜநரல் , நிலை ஆஃப் மலேசியா வளர்ச்சி , உலகம் வங்கி , அடுத்தது நிலை , மலேசியா ரிச்சர்ட் பதிவு , தற்காலிகமானது நடவடிக்கைகள் , அரசு நிதி நாடகம் , நிதி அமைச்சகம் , ரிச்சர்ட் பதிவு ,

Government will address tax weaknesses: Finance Ministry deputy sec-gen


PETALING JAYA:
The Malaysian government is looking to address the gap in public sector revenue, according to the finance ministry’s deputy secretary-general (policy) Zakiah Jaafar (
pix).
However, the government is waiting for the economy to recover from the Covid-19-induced downturn before implementing such measures, she said.
“We are currently embarking on a study to review our tax incentives packages in view to further consolidate them and making them more targeted and strategic in nature,” she said during the World Bank’s panel discussion, ‘A Reform Agenda for Malaysia’s Development Beyond the Pandemic’ on Tuesday in conjunction with the launch of the high-income transition report. ....

Malaysia General , Zakiah Jaafar , Organisation For Economic , Services Tax , World Bank , Reform Agenda , Development Beyond , Economic Cooperation , Amir Imran Husain Safri , மலேசியா ஜநரல் , ஆர்கநைஸேஶந் க்கு பொருளாதார , சேவைகள் வரி , உலகம் வங்கி , வளர்ச்சி அப்பால் , பொருளாதார ஒத்துழைப்பு ,