- Malaysian Ministry of Finance presented 2025 Budget Proposal on October 18, 2024
- No mention of reintroducing Goods and Services Tax (GST)
- Focus on expanding Sales and Services Tax (SST) framework to include non-essential goods and impose service tax on B2B services
- SST system aims to enhance transparency and efficiency in taxation while supporting Malaysia’s economic development.
Source: fiscal-requirements.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.
