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Dr M says would reconsider GST if there is public support

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Publish date: Thu, 03 Oct 2019, 12:33 PM

PUTRAJAYA, Oct 3 — The government would re-examine the merits of the Goods and Services Tax (GST) it repealed last year if there is public demand, Tun Dr Mahathir Mohamad said today.

Speaking at a press conference, the prime minister was commenting on the Malaysian Institute of Economic Research’s (MIER) suggestion yesterday for the consumption tax to be brought back albeit at three per cent or half the rate previously levied.

“Well if that is what the public wants, we will study to see if it is better than the Sales and Services Tax (SST),” Dr Mahathir before adding that this will not be part of Budget 2020.

Instead, he said the government would review this at a later date, if necessary.

Yesterday, MIER chairman Tan Sri Kamal Salih said the GST had supported government revenue when the crude oil price had fallen below US$36 per barrel in 2015.

He also described the unpopular tax regime as “fair to all walks of life”.

During the 14th general election, Pakatan Harapan had campaigned on the removal of the GST that rival Barisan Nasional had introduced and promptly abolished the tax after it took over the government.

After MIER’s suggestion yesterday, Federation of Malaysian Consumers Associations (Fomca) deputy chairman Mohd Yusof Abdul Rahman said it would be difficult to reintroduce the GST given continuing negative perceptions of it.

He pointed out that the previous rate of six per cent was high and had burdened the people with price hikes especially on essential items.

 

https://www.malaymail.com/news/malaysia/2019/10/03/dr-m-says-would-reconsider-gst-if-there-is-public-support/1796683

Discussions
Be the first to like this. Showing 7 of 7 comments

Musang King

I really feel ashamed of Lim Guan Eng singing the Remix ABCD GST in the first place. A real blunder and he should resign straight away for singing and propagating anti-GST moves. Our Malaysian stocks never recovered ever since we changed Government. From Day 1 till now, everyday our KLSE drops like shit. This is our REAL SHAME. Do Lim Kit Siang and Lim Guan Eng both know what is Shame?

2019-10-03 18:00

Up_down

There is no such 'shameful' or 'shame' words in politicians' dictionary. It's only INTEREST in their mind. He has to learn more from Dr M on how to thicken his face skin.

2019-10-03 18:56

Huat1

Politically correct statements, "would consider if the public support

2019-10-03 19:01

Huat1

Will happen or not?
Who knows?

2019-10-03 19:02

Junichiro

Why governments need GST? Because taxpayer's $$$ has been wasted n siphoned off, putting the country in huge debts.

2019-10-03 19:38

chinaman

U turn, U turn again. End up all citizens also pusing pusing every day. How many U Turn already within short period of time? Last time, always hit Pak Lah as flip flop. Now, Pakatun break new record. wakaka

2019-10-03 19:45

shpg22

They should have retain GST and adjust the rate to 0% in the first place. Then only slowly increase back.

2019-10-03 22:51

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