Govt open to study on integrating GST, SST
Prime Minister Anwar Ibrahim says the government is open to holding studies on the matter for the sake of establishing a more progressive tax system.
Malaysia's government is open to studying the integration of elements from the goods and services tax (GST) into the existing sales and service tax (SST) system, according to Prime Minister Anwar Ibrahim. The proposal aims to establish a more progressive tax system, although Anwar emphasized that a broad-based tax should not be imposed on all Malaysians at the moment.
Anwar, who is also the finance minister, expressed concern about imposing additional taxes on the population, particularly during the current period of rising living costs. He suggested leveraging the SST as a baseline for potential adjustments, should the need arise. The GST, introduced in 2015, was later replaced by the SST in 2018, and the government has consistently dismissed calls to reinstate the GST, stating that it would only be considered when Malaysia's median wage exceeds RM4,000. Currently, the national median monthly wage is approximately RM2,800.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Govt open to study integrating GST, SST thevibes.com
- Govt open to study on integrating GST, SST freemalaysiatoday.com
- Anwar: Govt open to study integrating GST elements into SST malaysiakini.com
