The Organisation for Economic Co-operation and Development (OECD) in its third economic survey on Malaysia has raised the prospect of the reintroduction of the GST over the medium term, as a way of increasing government revenues. The OECD indicated that the Government needed to strengthen its tax compliance and efficiency of tax collection, while securing the transparency of its enforcement. In responding to the OECD recommendation, the Minister in the Prime Minister’s Department (Economy) then, Datuk Seri Mustapa Mohamed, indicated that policy makers should consider re-introducing the GST in Malaysia when the time is right.
Source: Deloitte
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