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The Importance of GST in Restoring Malaysia’s Fiscal Health

  • Ng Sue Lynn, Head of Indirect Tax at KPMG in Malaysia, believes that the reintroduction of the goods and services tax (GST) is critical to restoring the country’s fiscal health.
  • She emphasizes the importance of the rakyat (people) understanding the objective and mechanism of the GST if it is reintroduced.
  • For businesses, monitoring systems must be implemented to address past challenges of the GST.
  • The article does not provide further details or arguments regarding the potential reintroduction of the GST.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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