GST to affect retailers in short to medium term


  • Business Premium
  • Wednesday, 04 Jun 2014

PETALING JAYA: The goods and services tax (GST) is expected to have some short to medium-term impact on retailers in the country when it is introduced in April 2015, says Malaysia Retail Chain Association (MRCA) president Datuk Liaw Choon Liang.

“We think that the purchasing power for the middle to lower-income group will be affected and definitely (retail) sales as well. This is not only limited to retailers but other industries also. Notwithstanding this, I still think it is a good tax system,” Liaw told StarBiz.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , MRCA

   

Next In Business News

Trading ideas: Bintulu Port, TPC Plus, GIIB, Southern Acids, Magnum, Kobay Technology, Tomei Consolidated, Dayang Enterprise, Petronas Gas and Hup Seng Industries Premium
UK consumer morale hits lowest since records began in 1974 Premium
Japan, guarding against weak yen, urges G7 reaffirm FX agreement Premium
Indonesia president declares end of palm oil export ban from Monday Premium
Oil price rebounds from two days of losses in volatile trade Premium
World stocks slide as growth fears persist, safe-havens gain Premium
Exports beat market forecast Premium
Stagflation danger stalks global economy beset by war fallout Premium
Telcos seek a minimum 51% stake in DNB Premium
TNB forays into international offshore wind market Premium

Others Also Read