Today we publish the first of a series of four weekly articles on the issue related to goods and service tax (GST) and its impact on selected industries and services. In the first instalment, Bhupinder Singh discusses the impact of the tax on financial institutions in Malaysia.
The Goods and Services Tax (GST) to be implemented in Malaysia from Jan 1, 2007 will be a broad-based tax on most supplies of goods and services consumed in Malaysia as well as on goods imported into the country.
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