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Friday March 29, 2013 MYT 12:00:00 AM
Wednesday April 24, 2013 MYT 2:13:59 PM
KUCHING: The Sarawak Timber Association (STA) has no doubt
the Goods and Services Tax (GST) will be implemented.
“Besides forestry matters, STA
is also looking at various issues such as the GST,” said chairman Pemanca Datuk Wong Kie Yik
during the opening of its annual general meeting.
“STA has continued its working relationship with the Tax Review Panel and the Royal Malaysian Customs Department.
“We held the last joint meeting on July 11 last year to discuss
several outstanding matters on
the GST for the forest and timber industry in Sarawak,” Wong
Introducing the GST has long been talked about in Malaysia,
one of the few newly industria-lised and developed nations to
not have the consumption based tax. GST was first talked about
by the Government when petrol subsidies were reduced about half a decade ago.
However, owning to its unpo-pularity, the GST has not been introduced, although most believe it is just a matter of time.
Wong said GST could have as much impact on the timber
and forestry industry as the minimum wage policy.
Nonetheless, he indicated that the industry would likely be supportive of GST.
“With the assistance of the Customs, parallel sessions of
GST awareness and training
have taken place in Miri, Bintulu, Sibu and Kuching in October
“We need to keep members abreast with the proposed GST model for Malaysia, in particularly, its application to the forest and timber industry.”
On a related matter, Wong lamented the different definitions and standards of legal logs and timber products internationally.
“STA is monitoring the progress of and participated in the consul-tations of several international legislation meetings, such as the Austra-lian Illegal Logging Prohibition Act and the Malaysia-European Union Forest Law Enforcement, Gover-nance and Trade Voluntary Part-nership Agreement.
“STA is supportive of the
objectives of these international legislation to combat illegal logging.
“However, STA also feels that
the different sets of definitions
and requirements of these inter-national legislations ought to
Tags / Keywords:
Community, News, Business, GST, illegal loggying, Sarawak Timber Association
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