KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.
KUALA LUMPUR (Sept 3): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said it may not be the right time to reintroduce a consumption tax like the previous goods and services tax (GST) as this could have an impact on the momentum needed to revive Malaysia’s economy amid the Covid-19 pandemic.
KUALA LUMPUR (Aug 13): Deloitte Malaysia has expressed support for the recommendation by the Organisation for Economic Co-operation and Development (OECD) to bring back the goods and services tax (GST) into Malaysia as part of the country's medium-term fiscal strategy.
KUALA LUMPUR (March 18): The federal government will not be introducing any new additional taxes for now as it is seeking ways to broaden its revenue post-pandemic, according to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR (Feb 4): The government is likely to look into the possible reimplementation of the goods and services tax (GST), but the implementation of the tax would likely be in 2022 and into 2023.
KUALA LUMPUR (Aug 3): The government still has an outstanding RM4.
KUALA LUMPUR (Feb 7): Some RM7.
KUALA LUMPUR (Jan 3): Puncak Niaga Holdings Bhd has filed a judicial review application against the Royal Malaysian Customs Department's demand for goods and services tax payments totalling RM5.
KUALA LUMPUR (Dec 20): A unit of Puncak Niaga Holdings Bhd has received two bills of demand from the Royal Malaysian Customs Department for Goods and Services Tax payments totalling RM5.
KUALA LUMPUR (Nov 15): Malaysia's economic growth, as measured by gross domestic product, moderated to 4.
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