Malaysia Has No Plans to Reintroduce GST For Now, Bernama Says

Malaysia’s government has not made any decision to reintroduce the goods and services tax and will focus on countering the fallout from the pandemic, according to a Bernama report citing Finance Minister Tengku Zafrul Abdul Aziz.

• But the authorities are studying consumption tax models and reviewing the weaknesses of the current sales and services tax and previous GST scheme
• “This study will cover the impact on the economy, cost of living, impact of the tax on price of goods and its ability to fight black economy activities,” Zafrul was quoted as saying in parliament
• “Any taxation system whether improved ...