Good time to improve the SST

In 2019, the GST collected a total of RM44bil from 480,000 registered companies, with RM9bil in input tax refunds outstanding.

ON Jan 30, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced that the implementation of a goods and services tax (GST) is not being considered at present.

Given that the public and the private sector are still recovering in the aftermath of the pandemic, this decision is considered wise.