Enhancing sustainable tax revenue

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As the government looks to raise revenue to tackle its growing fiscal deficit without compromising its spending a growing topic of conversation is on the potential re-implementation of GST.

KPMG in Malaysia’s Head of Tax, Tai Lai Kok, looks at GST as being an extremely efficient system from a collection mechanism standpoint and also one that catches a wider base of taxpayers.

“We’ve gone through the GST and talking about GST 2.0 now, we’ll surely be able to learn from the lessons of the past, ” he says, adding that to a certain extent, Malaysia never lived through the GST regime long enough in order for price normalization to take place.

Read the full article as published by The Star Malaysia or by clicking here to view the online article.

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