In regards to the topic whether the Government should reintroduce the Goods and Services Tax (GST), Ng Sue Lynn, KPMG in Malaysia Executive Director, said that while the SST rightfully resulted in a lesser burden on the people due to its narrower tax base, it was less transparent compared to GST and improvements could be made to show more clarity and to reduce uncertainties.
“Companies prefer GST for its transparency, provided refunds are quick. For the SST revenue to surpass GST in the years to come, the government might widen the tax. And with the Digital Service Tax coming beginning January next year, that will see more revenue coming in.” said Ng.
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