More income from SST, says Dr M

Still the best solution: The Prime Minister is confident the SST collection will surpass that under the GST in the long run.

KUALA LUMPUR: Government revenue under the Sales and Service Tax (SST) is expected to surpass collection under the Goods and Services Tax (GST), said Prime Minister Tun Dr Mahathir Mohamad.There is no reason for the government to reintroduce the Goods and Services Tax (GST) as frequent changes to the tax system will adversely affect the economy, lower investor confidence and bring a bad image to the country, he added.“Of course there is a shortfall in collection under the SST but this is not because the SST is a mistake.

“This is because when a new tax is introduced, there will be a shortfall due to adjustments made by the officers and taxpayers.