KUALA LUMPUR: Should the goods and services tax (GST) make a comeback in Budget 2023, the government may consider a rate of between four and 6 per cent following a stringent assessment of the potential revenue that it could collect to support its spending, says Ernst & Young Tax Consultants Sdn Bhd (EY).
EY Malaysia tax managing partner Farah Rosley said the possible reintroduction of the GST has been a topic of discussion, and she believes GST, being a broad-based consumption tax, will contribute to the revenue collection of the country.
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