Zero GST to free RM11bil for M'sians during3-month tax holiday before SST

According to KPMG Tax Services advisor for indirect tax Datuk Tan Sim Kiat(pic), consumers

PETALING JAYA: Some RM11bil may be put in the hands of Malaysians during the current three-month tax holiday period, following the zerorisation of the goods and services tax (GST).

According to KPMG Tax Services advisor for indirect tax Datuk Tan Sim Kiat, consumers’ purchasing power is expected to improve after the GST is zero-rated, leading to a significant multiplier effect within the domestic economy.