MALAYSIA, which is set to implement the goods and services tax (GST) on Jan 1, 2007, is advised to keep its GST simple and the rate low.
Being one of the latest countries to adopt the tax, Malaysia had the opportunity for a fresh start to keep GST simple and make it easier for the tax authorities and the public in general, said Association of Chartered Certified Accountants (ACCA) head of taxation, Chas RosChowdhury.
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