Deputy Finance Minister clarifies no discussion on bringing back GST since unity govt formed

Shopping mall — file photo

KUCHING, Jan 12: Deputy Finance Minister Datuk Seri Ahmad Maslan has clarified that the re-implementation of the Goods and Services Tax (GST) has not been discussed since the unity government was formed.

According to national daily reports, the Pontian MP stated that the government has not discussed nor decided on re-implementing GST, and that for the time being, the nation is continuing with what is being implemented.

However, he added, GST implementation is good, with 83 per cent of the world’s countries using the taxation system.

He asserted that university research demonstrated that GST was advantageous—otherwise, fewer nations would have adopted it.

Furthermore, the Deputy Finance Minister pointed out that the government was examining ways to increase its revenue without imposing new taxes.

Regarding the potential for a further increase in the overnight policy rate (OPR), he suggested that Bank Negara Malaysia (BNM) educate the public further in the event of a new announcement. — DayakDaily