SMEs will benefit greatly, says KCCCI

KLANG: Small and medium-sized enterprises (SMEs) will benefit greatly from the scrapping of the Goods and Services tax (GST).

“Domestic businesses will do better because without GST, the cash for input and output taxes can be utilised as working capital,” said Klang Chinese Chamber of Com­merce and Industry ( KCCCI) president Tan Sri Lim Kuang Sia.