The government is open to reintroducing the controversial goods and services tax (GST) as part of its strategy to expand the tax revenue base in an effort to achieve fiscal sustainability.
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Economy Minister Rafizi Ramli said the GST could be one of various options to generate more tax revenue, but there are no plans for it at the moment.
“Whether it’s capital gains tax, GST or any form of direct or indirect taxes, I prefer to keep that strategy open and we will decide on a year-to-year basis,” he said at a press conference at the Parliament lobby, after Prime Minister Anwar Ibrahim tabled the mid-term review of the 12th Malaysia Plan.
