Customs to collect additional RM5bil-RM6bil annually with GST


KUALA LUMPUR: The Royal Malaysian Customs Department expects to collect an additional RM5bil to RM6bil in tax annually once the goods and services tax (GST) is implemented in 2015.

Its Senior Assistant Director (GST Section), Mohd Sabri Saad, said the GST would replace the current sales and services tax (SST), which had contributed between RM16bil and RM17bil in income to the government annually.

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