Restructuring our tax system


Part 2 of the article on GST shows that with its implementation, Malaysia would be in a better position to unleash our entrepreneurial talents to attract more investments.

HOW would the GST regime work in Malaysia? Basically, it will be based on a self-assessment system similar to the current income tax system. As such, every enterprise needs to make its own assessment and submit returns with random audits to be conducted.

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Business , GST , Dr Fong , econoy , taxation , taxes

   

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