CGSI Research said the negative impact of SST 3.0 on GDP growth this year should be modest due to support from wage reform and cash assistance.
PETALING JAYA: The upcoming expansion of the sales and services tax (SST), slated to take effect on July 1, is unlikely to derail Malaysia’s economic growth, although it may trigger a short-term spike in consumer prices, analysts say.
Supportive domestic policies and targeted implementation are expected to cushion the broader impact of the expanded SST.
