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Chitchat It's Official! GST To Be Abolished In June 2018!

JohnTan

Alfrescian (InfP)
Generous Asset
#1
KUALA LUMPUR - Malaysia's goods and services tax (GST) will be reduced from 6 per cent to zero per cent on June, the Finance Ministry said on Wednesday (May 16).

Prime Minister Mahathir Mohamad said earlier that he had instructed the government to stop collecting GST.

Abolishing the GST was a major promise made by the Pakatan Harapan (PH) coalition should they win the May 9 general election.

"All registered traders must follow the decision of the zero rate now. At the same time, registered businesses are still subjected to all current regulations," said the ministry in a statement.

The 'zero per cent' move means that the deeply unpopular GST is effectively abolished.

But the Malaysian parliament would need to repeal the GST Act 2014 before the consumption tax could be totally removed.

The new government has said it would bring back the Sales and Services Tax to replace the GST.

https://www.straitstimes.com/asia/s...er-cent-from-6-per-cent-fulfilling-ph-promise
 

batman1

Alfrescian
Loyal
#10
The 70 % voted LBH and Khaw to screw sinkees.
Don't whine and grumble,sinkees just love to be screwed....oh yeah.. sinkees just love to be screwed.....somemore...harder....
sinkees just love to be screwed...
 
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