Goods and Services Tax (GST)

The government is not disputing the goods and services tax (GST), but rather the timing to implement it, says Deputy Finance Minister Steven Sim.

There has not been any discussion or meeting held regarding the re-implementation of the Goods and Services Tax (GST) since the Unity Government was established.

The FMM has called on the government to reintroduce the Goods and Services Tax (GST) in the upcoming Budget 2023.

The government has not reached a stage where it would need to reintroduce the goods and services tax (GST), said Deputy Finance Minister I Datuk Indera Mohd Shahar Abdullah.

The government is still studying whether to reintroduce the goods and services tax (GST) and has not made a decision yet, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

The government should study all aspects and make an appropriate consideration if it wants to bring back the goods and services tax (GST), said PAS president Tan Sri Abdul Hadi Awang.

Datuk Seri Najib Razak has urged the government to reinstate the Goods and Services Tax (GST) as soon as the country recovers from the COVID-19 pandemic.

The government has not made any decision to re-introduce the goods and services tax (GST) in the midst of the COVID-19 pandemic, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

The government is studying the feasibility of the re-implementation of the Goods and Services Tax (GST) or other consumption tax models.

The Public Accounts Committee (PAC) has received feedback from the Ministry of Finance (MoF) relating to its two proposals on the Goods and Services Tax (GST) refund claims.

Prime Minister Tan Sri Muhyiddin Yassin said the government would study the proposal by various parties for the goods and services tax (GST) to be re-introduced.

The auditing conducted on the Royal Malaysian Customs Department has found that it has overpaid refunds on Goods and Services Tax (GST) amounting to RM4.38 million.

The Ministry of Finance will settle the Goods and Services Tax (GST) refund arrears totalling RM4.763 billion by the end of the year.

The Finance Ministry through the Royal Malaysian Customs Department (JKDM) has paid out RM1.264 billion in Goods and Services Tax (GST) refund to 4,316 companies from June 22 until July 2.

One of the ways the Government could increase its coffers is by reintroducing the much-debated Goods and Services Tax (GST), albeit at a lower rate.

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This was following the discovery of a suspected prohibited item in luggage.

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KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.