The goods and services tax (GST) will replace the sales and services tax (SST). The rationale to introduce the GST is aimed at streamlining the present tax structure to make it more tax efficient, effective, transparent and business friendly.
The GST is aimed at simplifying the current consumption tax system by improving equity, reducing the number of separate taxes and broaden the revenue base.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!