Wednesday, March 17, 2010

GST in Msia

The proposed Goods and Services Tax (GST) is necessary to increase Government revenue and a single issue should not be a cause to derail its implementation, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok. The GST, which has been postponed indefinitely, is aimed at widening the tax base and reducing the country's deficit. The Government had planned to introduce the GST at 4%, replacing the current sales tax and service tax. (BT)

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