THE Goods and Services Tax (GST) refunds will not be used for other government expenditure in the future, said Finance Minister Lim Guan Eng.
Lim said the summary of the Public Accounts Committee (PAC) shows that the previous government has used the GST collections for other purposes and left a RM19.25 billion shortfall in the fund for GST refunds.
Source: The Malaysian Reserve
Latest Posts in "Malaysia"
- Procedures for Invoicing and SST-02 Declarations: 2% Service Tax Exemption on Rental Services
- Service Tax Exemptions for Rental and Leasing Services: Key Amendments Effective January 2026
- RMCD Issues Updated Service Tax Guide for Brokerage and Underwriting Services Effective July 2025
- Malaysia Limits Vehicle Tax Exemptions in Langkawi, Labuan to Cars Under MYR 300,000
- Service Tax Exemption for Construction and Renovation of Places of Worship Effective July 2025













