KUALA LUMPUR: The introduction of the Goods and Services Tax (GST) will reduce the Government’s dependence on income tax and oil revenue as well as reduce the size of the country’s shadow economy, says Finance Ministry tax division under secretary Datuk Siti Halimah Ismail.
Siti Halimah said the contribution of indirect taxes, such as sales and service taxes, to the Government’s revenue had decreased significantly over the past few decades.
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