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PETALING JAYA: The implementation of Goods and Services Tax (GST) should be postponed until the Government fixes the leakages highlighted in the Auditor-General’s Report, said PAS deputy president Mohamad Sabu.
Concerned that the coming Goods and Services Tax will mean increasing prices for a host of widely non-luxury and essential items, consumers are asking for more of these to be exempt from tax. The Government has responded that it is open to feedback and suggestions.
PETALING JAYA: The Government will be reaching out to the rakyat to explain how the Goods and Services Tax (GST) will be implemented from April 2015.
The goods and services tax (GST) will replace the sales and services tax (SST). The rationale to introduce the GST is aimed at streamlining the present tax structure to make it more tax efficient, effective, transparent and business friendly.
PETALING JAYA: Agreeing with the need to introduce the goods and services tax (GST), the Centre for Public Policy Studies (CPPS) recommends for the GST to start at 5% and for the government to commit to a five-year timeline when introducing the consumption tax before reviewing it and possibly raising it by 2020.
PETALING JAYA: Both bouquets and brickbats will be hurled at the goods and services tax (GST) if it is introduced in this Friday’s budget.
KUALA LUMPUR: Pakatan Rakyat insists the goods and services tax (GST) not be implemented unless the minimum national household income is at least RM4,000 per household a month.
PETALING JAYA: The authorities must provide clear information on the abolition of the Sales and Service Tax (SST) which would be replaced by the Goods and Services Tax (GST), MCA Young Professionals Bureau chairman Datuk Chua Tee Yong said.
PETALING JAYA: The public’s fears over the goods and services tax (GST) are unfounded as they would pay less compared to the current sales and service tax (SST), Malaysian Association of Tax Accountants (Mata) president Abd Aziz Abu Bakar said.
THE call for Malaysia to expedite structural reforms to rebalance its economy and strengthen its public finances has grown increasingly louder in recent weeks following Fitch Ratings’ downgrade of the country’s credit outlook from “stable” to “negative”.