KUALA LUMPUR: The sales and service tax will abolished, to be replaced by a single tax known as the Goods and Services Tax (GST), said Datuk Seri Najib Tun Razak in his Budget speech at Parliament Friday.
The GST will be enforced on April 1, 2015 at a rate of 6%. This is the lowest in Asean, he said.
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!