Published On Jul 15, 2024
Any proposed revisions to the consumption-based tax system, such as reintroducing the Goods and Services Tax, needs careful evaluation to ensure they are progressive and straightforward to implement, do not harm the cost of living or economic growth, and can reliably generate government revenue, the Dewan Rakyat was told today.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the government has no plans to revive the GST, which was abolished in 2018, due to its broad application as a consumption tax.
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