PUTRAJAYA, June 8 — The government is still studying all tax systems in the world, including whether or not to reintroduce the Goods and Services Tax in the country.
Speaking to reporters after attending Aidilfitri open house organised by Putrajaya Media Club here today, Tengku Zafrul said the process to reintroduce the GST had taken quite some time as the tax had been abolished before. Tengku Zafrul said the fastest the GST could be reintroduced is about nine months after it gets the green light from the Parliament.
Tengku Zafrul said the study is now at the engagement stage as one of the issues was to ascertain a fair rate of three to four or seven to eight per cent, other than looking for an alternative to improve the existing Sales and Services Tax which had been rendered inefficient and caused many countries to introduce the GST.
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Source: staronline - 🏆 4. / 75 Read more »
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