Hairstylists Chan Tian Lee, 24, and Lim Kim Pei, 27, showing GST-calculators at Popular Book in Komtar, Penang. The calculators, which calculate Goods and Services Tax (GST) with just a click of the button, are now in demand by shoppers. Popular Book Co (M) Sdn Bhd area manager Teh Ai Ling said sales had been good with more than 100 GST-calculators sold over the fortnight.
PETALING JAYA: About 84% of companies registered with the Companies Commission of Malaysia (CCM) and salaried employees do not pay taxes under the current system. But this ends today.
With the launch of the Goods and Services Tax (GST) system, the base of companies and individuals paying taxes will be significantly enlarged and will capture those who could have been under-declaring or evading taxes.
