While a Royal Malaysian Customs Department (Kastam) official announced three days ago that fuel will not be exempted from Goods and Services Tax (GST), Deputy Finance Minister Datuk Ahmad Maslan has denied the claim, instead saying that no decision has been made on that matter.
The earlier suggestion would imply that the price of petrol is set to increase (GST will be fixed at 6%) come April 2015. That may not be the case at all, as the ministry “has not made a final decision,” Ahmad Maslan told The Star.
We’ll know the fate of our fuel prices soon enough, as the final list of zero-rated or tax-exempted items will be gazetted on October 10, the day Budget 2015 will be tabled in Parliament.
