Relook, review current tax policy and reinstate GST


  • Letters
  • Wednesday, 01 May 2024

THE Institute of Strategic Analysis and Policy Research (Insap) urges the Malaysian government to review its current tax policy and reinstate the Goods and Services Tax (GST) as a superior alternative to the combination of High-Value Goods Tax (HVGT), Low-Value Goods Tax (LVGT), and Sales and Service Tax (SST).

In echoing recent remarks by Datuk Koong Ling Long, treasurer-general of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), Insap said that it has consistently recommended GST as a better tax system and has advocated its reintroduction since last year, recognising its potential to establish a more sustainable and equitable tax system.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Letters

A little enclave of unity
Broader food security issues must be addressed
Address issue of hate speech against refugees
Effecting a fair energy transition
Bringing home the benefits of practising yoga
Sharing the durian love this season
Navigating post-SPM choices
Not resilient enough?
Unicef: Refugee and stateless children lack access to education in Malaysia
Plan to reward public for reporting graft lauded

Others Also Read