Economy minister Rafizi Ramli says the government is not ruling out the reintroduction of the goods and services tax (GST). Although the country’s priority was to roll out the capital gains tax next year, he said that other forms of taxes, including GST, will be considered in the effort to widen the nation’s revenue base, The Star reports.
“We will be open and go through whatever way we can to achieve fiscal sustainability through a wider revenue base – whether is going to be capital gains tax, GST or any other forms of direct and indirect taxes,” he told reporters following the tabling of the 12th Malaysia Plan (12MP) mid-term review in parliament today.
“One of the strategies to widen our revenue base is to develop and roll out capital gains tax in 2024, and the government will stick to that strategy,” he said. As for other potential avenues of revenue collection, these remain open. “We will decide on a case-to-case and year-to-year basis,” he said in response to a question about whether the government had plans to revive GST.
Rafizi added that any announcement with regards to any introduction of a new tax or revenue stream would be made by the finance ministry from one budget announcement to another.
Last week, MCA president Datuk Seri Wee Ka Siong called on the government to bring GST back, as many businesses were reportedly dodging taxes under the present sales and service tax (SST), resulting in reduced revenue for the government.
Wee said that the GST could be revived with several improvements, such as the introduction of an exemption list, zero-rated supply and giving financial aid to the poor with increased government revenue. He also suggested that the reintroduction be made at a lower rate and increased over a period of time.
The GST replaced the sales and service tax (SST) in April 2015, but was then scrapped in favour of bringing back SST in September 2018 when the Pakatan Harapan government took over the reins.
In March this year, prime minister Datuk Seri Anwar Ibrahim had reiterated that Malaysia would not reinstate the GST or any other broad-based consumption tax in the near future. He said the country was simply not ready for the reintroduction of GST, with the rakyat‘s income and threshold first needing to be increased and at a reasonable level before the tax could be reinstated.
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Woi GST cukup la! Apa mau capital gain tax lagi haaa
More u spend..more u kena taxed. So no problemo
Start with 3% and prompt on refund
Don’t siphon to 1MDB like last time
Haha, nice joke. We will release bossku asap
DogTer Wee (bekas menteri PN) pon dokong pemulihan GST, jadi supporter PN akan sokong laa
Betoi ..saya awal2 dh lepas. Najib bile lagi.. kikihkij355
yes, he comes out & u go in!
PN started to look into revitalise GST back in 2020; PN govt was finalising the mechanism of targeted subsidy in 2022; when PH-BN took over post PRU15, they found out the debt gone from 1.0T to 1.5T, leaving limited choices now
@Richard Tee, it’s unfortunate that lots of comments here are based on coffee shop talk with children mentality.
Congrats to PH. Looks like the Bursa bloodbath of 2018 that put an end to the world’s longest stock market bullrun isn’t enough for them. 6 months of continuous foreign outflow from our stock market isn’t bad enough back then.
Now they wanna implement capital gains tax.
Repeat after me:
“Bursa will plunge below 1000 points and foreign outflow will be non-stop for 12 months”.
Wait and see…
Tax the rich, help the poor
Amboi…senangnya…kalo mcmtu kita pun jadi miskin la tadah tangan mintak dedak
Deswai geng PN tgh demam depression kenot balun rasuah dedak. Ohwaiii alphard Ku
Our OKU gov makes money from us. Capable gov makes money and give to its people eg Dubai, Brunei, China etc. We have many OKU braind dead spesis in Malaysia who don’t know how to make money. Sohai
The public sector which is the government is not meant to make profits. It is the private sector that make the profits. Governments do not simply give money to its people. The private sector employs people & pays them salaries, derived from the profits. A government receives money from the private sector via taxation to cover the costs of running the country. Countries like UAE & Brunei are luckier because their governments & private sectors earn from their petroleum resources a lot more than what is needed to cover the cost of running the countries.
This Rafizi fella is pretty useless. Before becoming government, GST was not good. Suddenly, GST became good when he became minister. And their supporters will blindly support them because they are all useless like him. All talks are just to gain support.
Never,never,never trust a politician.
Last time,no Anwar, No DAP….lately komedi attending DAP convention….what a big joke.
Rafizi..same.
Lets dare him to 1.Implement capital gain tax
2.Implement GST 3.Abolish fuel n TNB subsidies 4.raise germen hospital charges 5.Jack up income tax 6.Slap other forms of taxes etc 7.Raise stamp duties
The greenies will be happy to take over,once their support dies.Just tengok dulu.
Naw they ady brainwashed their supporters and voters to hate GST, so no way they dare to bring it back unless they want to slap their own faces. Ohh I can just hear loud slaps emanating from Putrajaya…
Anwar menang rakyat senang
Anwar gembira, rakyat sengsara
Anwar di Sg Buloh, rakyat sorak kali sepuloh
Dulu hasut benci GST, nah skarang mau pulang GST
Dulu cakap lain, sekarang cakap lain
Boleh caya ke Gomen ni, dah dua kali ditipu ni
Sampai bila rakyat nak tidur, dah masa utk bangun dan sedar
Saya ulammm…..
Refer my name
Refer Restoran Jai Hind
Restoran Jai Hind harge mahal dah ni!
For you freeloader, cow pie is FOC.
Tahniah pengundi PH
DogTer Wee (bekas menteri PN) pon dokong pemulihan GST, jadi supporter PN akan sokong laa
kami sokong sakau sakau
Nothing is impossible under this corrupt government.
www.malaymail.com/news/malaysia/2020/03/11/muhyiddin-says-will-study-calls-to-bring-back-gst/1845352
PUTRAJAYA, March 11, 2020 – Prime Minister Tan Sri Muhyiddin Yassin pledged today to consider calls to reinstate the unpopular Goods and Services Tax (GST), promising to review all tax systems as part of the new government’s effort to rein in living costs.
well.. at least PN not objecting to GST from day 1. Now the PH gov objecting everything under the sun when not in gov. When in gov, they say.. oooo the situation now different. Jokers and fools.
Before the sheraton move, TSMY was also equally vocal against gst but not long after the sheraton move, he told the media about his u turn as in the news report.
aiyoo.. before the sheraton move its the PH gov la, do I need to teach you also.
What I need to teach you is that TSMY was against GST to win his MP seat in GE14 as PH politician but he changed his principle to be pro GST after sheraton move.
See?
Dulu dah elok-elok implement, this sotong hasut the people about the bad of GST. Now, want to reverse the decision.
Very the ****** this fella…
To add; Very the ****** this capati gomen
Dapat rating ****** (6 bintang).. Bagus!!!
Can Guan Eng please sing “ABCD GST” to officiate the reintroduction of GST? Tahniah PH voters.. firstly for believing that GST is bad, highways can be FOC and that PH will end corruption.. and secondly for giving mamakutty a platform to destroy the country a second time.
Ribu-ribu tahniah….
Toh ce, toh ce, ini kalilah kita skru Malaysia kaw kaw sampai habis.
Wait 1st. LGE needs time to count the RM250k he won from a defamation lawsuit.
KNBCCB WKS! He shld hv kept his mouth shut last wk!
Actually, if the gmen dont want use the name “GST” scare ppl said they follow the previous 1, just name it as VAT (Value Added Tax). Just make sure it is 3%, then i think most will accept 1.
KNBCCB!!!.. U oso shld keep ur mouth shut!!!
KNBCCB!! Whole of Pakatan and their supporters and their dumb voters. You deserve this!!!!
KNBCCB!!! Who ask u 2 hijack my slogan??!! U r no better than them!! KNBCCB TO U!!!!!
Btw, y u against the implementation of gst if it well managed and low percentage? the suggestion above by VATloh is ok wat. 3% vs 10%sst, every1 benefitted. & fairly tax all. Except u r the 1 that scare of gst able to efficiently tax ur biz gao gao.Anyway, by ur comments, i bliv u r those uneducated & uncivilised ahbeng tht doing nothing for the betterment of the country.
u memang betul.. kita org memang gitu (berbaloi selagi ada kfc)
tahniah kerajaan mahaldahni.. saya ulaaammmm!!!
Hari ni kita naik Putrajaya… Besok.. saya ulang.. besok.. tak sampai 24 jam.. kita akan kencing kaw kaw berjemaah kat seluruh Malaysia!
Buat saja GST balik. Sebab penyokong PH kan kurang cerdik dan sokong perasuah
malu la nak introduce semula GST walaupun dah admit GST tu bagus…tak kan nak jilat ludah balik..haha
Brader, jilat menjilat penjilatan ini sudah menjadi darah-daging politician da.
aiya all politicians only jaga own ass only la…in fact human being nature are like that….so dont trust any and always be prepared for the worst…
Yet still tell people to vote for us. So who the stupid one here. Hahahaha
u mean got stupid people vote for u? dat means u r more stupid than sohai
Yes plenty of stupid PH voters
lucky i m oso not a sicko like u
Takpayahlah. You take so much money also you give it to B40 only. Not that the taxpayers benefit from it.
ABCD..GST
GST under Kerajaan Madanon = gomen sakau & tibai.
Dulu cakap: tak payah GST. Subsidi minyak kekal. Negara ni kaya raya, hanya perlu hapuskan rasuah.
Sekarang: Kita nak taruk mcm mcm tax baru utk cekik rakyat sampai mati.
Conclusion = Rasuah is a hundred times worse under Kerajaan Madanon?
Abolish SST 10% replace with low GST say 2-3%….the more you consume, the more you pay taxes ie GST. Extend GST claim/refund to include B40 too instead to only companies. this will help the poor while govt can tax the wealthy and on the basis – on how much they consume.
Tax rakyat kaw kaw. Then kena sakau
Politicians are hypocrites. Whether it’s PN, PAS, DAP, PKR, BN, etc. You cannot trust them. My advice is work hard so that you don’t have to depend on them for any help.
Brother your advice will not work for the parasites and freeloaders. And their numbers are growing..
how do u know their numbers are growing?
because u r 1 of dem
Sembang
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