Malaysia has no intention to reintroduce GST yet, says deputy finance ministerDec 07, 2020 | 🚀 Fathership
“On whether we will reintroduce the GST, the Ministry of Finance is focusing on three things; to take care of the health of the people, to ensure economic recovery and resilience."
Mr Mohd Shahar wanted to know if the GST would be reintroduced in light of the government's effort to increase the country's revenues amidst the current economic climate.
“The Finance Minister is also committed to moving forward and is drafting a framework on how to increase government's revenue swhich includes improving governance by introducing a Fiscal Responsibility Act," he added.
The 6 per cent GST was implemented on April 1, 2015, but was abolished by the previous Pakatan Harapan administration in 2018.