Goods and Services Tax

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

Anwar said other measures will be taken to reduce expenditures and settle the government's liabilities and debt worth RM1.5 trillion.

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.

Any tax measures to be implemented in the future would definitely take into account the involvement of stakeholders.

MPs from both the government and opposition blocs concurring that the 12MP should focus on improving the quality of life of the people.

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.

OECD has recommended that Malaysia bring back the Goods and Services Tax as part of its medium-term fiscal strategy.

The tax will enable the government to increase its financial resources as well as help the people who are affected.

Veerinderjeet said the shadow economy or informal economy could be equivalent to about a third of Malaysia's GDP.

Foreign investors have also not been deterred in any big way by the political changes in Malaysia.

The government will focus more on revitalising the economy and taking care of the people.

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