Malaysia to Examine Bringing Back GST to Boost Revenue: Maybank

Nov. 23, 2020, 10:53 AM UTC

Malaysia’s Finance Ministry has set up a committee to look at measures to boost revenue, including the possibility of re-introducing the goods and services tax, Maybank IB Research said in a note dated Monday.

  • The note is based on an Q&A with Finance Minister Zafrul Abdul Aziz held on Nov. 20
    • Govt studying options for new taxes ranging from carbon tax to digital tax
    • It is important not to disrupt the economic recovery process while looking at new taxes: Zafrul
    • 2021 is a transition year from crisis to recovery
    • NOTE: Former Prime Minister Mahathir Mohamad scrapped the GST in June ...



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