KUALA LUMPUR: The possibility of reviving the Goods and Services Tax (GST) remains open, says Economy Minister Rafizi Ramli. He said that although current plans are focused on the introduction of the capital gains tax next year, other forms of taxation will also be considered. “One of the strategies to widen our revenue base is our focus on developing and rolling out the capital gains tax in 2024. Rafizi was responding to a question on whether the government plans to reintroduce the GST under the 12th Malaysia Plan. His suggestion was supported by several economists who agreed that the GST should only be revived if there are clearer mechanisms.
Source: The Star September 12, 2023 15:05 UTC