'SST far superior to GST’


Choong Kwai Fatt recommended that the government refine the existing Sales and Services Tax (SST) model to accommodate local economic demand of circumstances. “The GST should never be brought back as it adds to the burden of the B40 group."

PETALING JAYA: The Goods and Services Tax (GST) regime will only work well in a developed country where the disparity of income is not wide and the nation shares a single culture and common education system, according to a taxation expert.

Choong Kwai Fatt recommended that the government refine the existing Sales and Services Tax (SST) model to accommodate local economic demand of circumstances.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

GST , SST , tax , Choong , developed country , finance ,

   

Next In Business News

Worldwide, Masdar ink MoU
Microlink wins contract worth RM56mil
MAA to sell entire stake in Turiya for RM53mil
Gadang gets RM280mil data centre job
Powering on data centres
Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar

Others Also Read