Govt may reintroduce GST by 2022 or 2023, says Affin Hwang Research

The Sales and Services Tax (SST) may make way for the reintroduction of the GST.

KUALA LUMPUR: Malaysia may look at a possible implementation of the Goods and Services Tax (GST) in the medium term, likely by 2022 or 2023 to help correct the government’s fiscal position and to boost revenue.

Affin Hwang Capital Research chief economist Alan Tan said it would not be an immediate implementation as various plans and decisions need to be made in terms of rates and tax treatments.