IRB: GST to help boost government coffers

KUALA LUMPUR: The Govern­­ment will see a broader tax base that will result in more revenue following the implementation of the Goods and Services Tax (GST), says Inland Revenue Board (IRB) chief executive officer Tan Sri Dr Mohd Shukor Mahfar.

“If we analyse it, once the Government has imposed the GST, individual and corporate taxes will be lowered to reduce the impact on people. But it does not necessarily mean that the Government’s revenue will be reduced,” he said.