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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.
Govt to revise deficit target following fiscal impact of Pemulih thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Putrajaya to revise fiscal deficit forecast after launching Pemulih package | Malaysia malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....