PETALING JAYA: The findings of a recent survey of local businesses contradict the statement by the Finance Minister regarding the Sales and Services Tax (SST) because it shows that the SST has pushed up the cost of doing business, says Gerakan president Datuk Dr Dominic Lau.
The survey by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER) concluded that the introduction of the SST, which replaced the Goods and Sales Tax (GST), had increased the cost of doing business by up to 10%.
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