Chua: Firms should start to extrapolate goods and services tax impact


From left: UHY head of GST compliance and tax advisory Patrick Chin, Chua, UHY Malaysia senior partner Alvin Tee, Royal Malaysian Customs Department deputy director of customs (GST Unit) Tan Sim Kiat and UHY Loh Chartered Accountants partner Loh Chye Teik at the launch of UHY GST mobile app at the seminar.

KUALA LUMPUR: Businesses should begin to extrapolate the impact of the goods and services tax (GST) to their daily operations in preparation for the new tax system, said Deputy Finance Minister Datuk Chua Tee Yong.

He said business leaders needed to move ahead and expand their focus from merely gaining awareness and basic understanding of the GST to more advanced issues and how to smoothen the transition.

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