KUALA LUMPUR, Oct 13 — The choice between the Sales and Service Tax (SST) and the Goods and Services Tax (GST) hinges on Malaysia's economic goals, administrative capabilities, and the need to achieve an optimal balance between revenue generation and the promotion of fairness and equity among the rakyat, said the Finance Ministry (MoF).

KUALA LUMPUR, Oct 10 — Government tax refunds increased by 17.8 per cent to RM25.72 billion in 2022 compared to RM21.84 billion in 2021, according to the Auditor-General's Report (LKAN) 2022.

KUALA LUMPUR, Oct 2 — Budget 2024, scheduled to be tabled on October 13, will likely focus on fiscal tightening with an emphasis on funds reprioritised to households and sectors most needy, said CGS-CIMB Securities Sdn Bhd.

KUALA LUMPUR, 25 Sept — The government is not disputing the goods and services tax (GST), either in terms of its strengths or weaknesses, but rather the timing to implement it, said Deputy Minister of Finance II Steven Sim Chee Keong.

IPOH, Sept 18 — The time is not right to reintroduce the Goods and Services Tax (GST) as the global economy is still slow, Deputy Finance Minister II Steven Sim Chee Keong said.

KUALA LUMPUR, Sept 14 — Malaysia can bolster its pension system by adopting the universal flat rate tax-financed pension scheme, said an expert.

KUALA LUMPUR, Sept 13 — Prime Minister Datuk Seri Anwar Ibrahim said the government needs to reduce subsidies on the rich, before reintroducing the Goods and Services Tax (GST).

KUALA LUMPUR, Sept 13 – The possibility of reintroducing goods and services tax (GST) will need to be carefully executed to ensure the people gain full benefit from the tax system, economists said.

KUALA LUMPUR, Sept 12 — Bringing back the goods and services tax (GST) will bolster government revenue but more clarity is needed for market players to adjust their investment decisions accordingly, say economists.

KUALA LUMPUR, April 5 — The first sitting of the Dewan Rakyat of the Second Term of the 15th Parliament session which began on February 13 ended yesterday with several key issues of the country’s economy receiving attention, including the reintroduction of the Goods and Services Tax (GST), economic turmoil and the 1Malaysia Development Bhd (1MDB) debt.

KUALA LUMPUR, April 3 — The government should consider a sustainable and comprehensive method of expanding income by reintroducing the goods and services tax (GST) at a reasonable rate, said Senator Tan Sri Low Kian Chuan.

KUALA LUMPUR, March 14 — The government has maintained that there is no need to bring back the goods and services tax (GST) going forward and is confident that efficient revenue collection can expand the national income.

KUALA LUMPUR, March 9 — The government has not 'ruled out' the possibility of reintroducing the Goods and Services Tax (GST) in the future, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

KUALA LUMPUR, March 9 — The Malaysian Aviation Commission’s (Mavcom) long-term plans to tackle overpriced flight tickets between the peninsula and Sabah, especially during festive seasons will be among the matters raised at the Dewan Rakyat sitting today.

KUALA LUMPUR, Feb 28 — The government does not deny that the implementation of the Goods and Services Tax (GST) is one of the financial instruments which could boost the sustainability of the country’s economic position in the future.

KUALA LUMPUR, Feb 28 — Youth involvement in Technical and Vocational Education and Training (TVET) programmes, as well as reform of the country’s system and institution, are among issues to be raised at the Dewan Rakyat sitting today.

KUALA LUMPUR, Feb 14 — The government has no plans to reinstate the Goods and Services Tax (GST) or introduce any other broad-based consumption tax as a means of addressing the national debt issue, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Feb 3 — Malaysia’s Budget 2023, scheduled to be re-tabled on February 24, is expected to be based on the current global and domestic state of affairs.

KUALA LUMPUR, Jan 5 — The Federation of Malaysian Manufacturers (FMM) has called on the government to reintroduce the Goods and Services Tax (GST) in the upcoming Budget 2023.

KUALA LUMPUR, Dec 21 — The government is studying the best measures to reduce the budget deficit which will be announced during the full budget presentation in February 2023.