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KUALA LUMPUR: Malaysian businesses should start to get ready for the implementation of the goods and services tax (GST) next year or risk incurring higher operational costs if they fail to do so, said tax consulting firm Deloitte.
KUALA LUMPUR: The 4% Goods and Services Tax (GST) is expected to be implemented by the middle of 2011.
The Goods and Services Tax (GST) Bill has been tabled for first reading in Parliament by Second Finance Minister Datuk Seri Husni Hanadzlah.hr noshade size=1 width=50%>
KUALA LUMPUR: The government is targeting a five percent private sector driven gross domestic product (GDP) growth for next year, said Minister of Finance II, Datuk Seri Ahmad Husni Hanadzlah.
The government has carried out a comprehensive study on the plan to implement the goods and services tax (GST) to ensure it does not burden the people and at the same safeguard Malaysia's competitiveness, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.
PETALING JAYA: Experts believe the 18-month period given before the goods and services tax (GST) is implemented in late 2011 is enough time to properly disseminate information and educate consumers and businesses.
KUALA LUMPUR: A survey among members of the Association of Chartered Certified Accountants (ACCA) indicated they want the government to increase the sin and luxury goods tax, while strengthening the collection of the sales and services tax, as a way to enhance revenue.
PUTRAJAYA: The goods and services tax (GST) should not be implemented amid an economic slowdown, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Mustafa Mansur.