Malaysia not imposing GST this year
Publish date: Wed, 12 Sep 2012, 12:56 PM
KUALA LUMPUR: The Goods and Services Tax (GST) will not be implemented this year as the government is focusing on creating awareness on the new taxation mechanism among the people, Deputy Finance Minister Datuk Donald Lim Siang Chai said today.
He said awareness campaigns organised by the Finance Ministry are progressing well and are expected to conclude soon.
"We want all Malaysians to understand thoroughly what the GST is all about before tabling the GST Bill for second reading in Parliament.
"It's not likely to be tabled in the next Parliament session as the awareness campaigns will not have concluded by then," he told reporters after opening the CFO Summit 2012 hosted by the Asian Strategy and Leadership Institute.
On another matter, Lim said ministries and government agencies have been instructed not to delay payments to building contractors.
"It should be done on time because cash is like "blood" for them (contractors), especially the smaller players.
"Not only government agencies, the private sector must also emulate the steps taken by agencies and companies in Japan and Germany in paying their contractors (promptly)," he added. -- BERNAMA
He said awareness campaigns organised by the Finance Ministry are progressing well and are expected to conclude soon.
"We want all Malaysians to understand thoroughly what the GST is all about before tabling the GST Bill for second reading in Parliament.
"It's not likely to be tabled in the next Parliament session as the awareness campaigns will not have concluded by then," he told reporters after opening the CFO Summit 2012 hosted by the Asian Strategy and Leadership Institute.
On another matter, Lim said ministries and government agencies have been instructed not to delay payments to building contractors.
"It should be done on time because cash is like "blood" for them (contractors), especially the smaller players.
"Not only government agencies, the private sector must also emulate the steps taken by agencies and companies in Japan and Germany in paying their contractors (promptly)," he added. -- BERNAMA
Discussions
Be the first to like this. Showing 13 of 13 comments
Sorry, the PM wont be the same too after GE 13. They can hold on for everything.
2012-09-12 16:01
This means when BN win in GE13 than the first goodies that we rakyet get is GST.. hope BN will win and we will knows our faith later..
2012-09-12 17:35
this year going to end already, this year no gst, next year 2013 gst, we all screwed then.
2012-09-12 17:38
not only GST on hold, they are few item also on hold, so please think and take decision, enough till now,
2012-09-12 18:15
voting BN = dead end.
lynas will get operating license, electric will up , petrol will up , gst through , more submarine , corruption will continue, more buntut dance ;o
2012-09-12 18:42
If register now only qualify to vote next year 4 Jan 2103 onward . News from china press yesterday .
2012-09-12 20:26
Ha.. still want to impose GST. Everything already been taxed so much especially cars. How many times they want to tax us?
2012-09-12 22:27
Still not late to register as voter. We need to decide the future of this country ourselves
2012-09-12 22:33
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everything is on hold pending GE13. i guess the Minister(s) will not be the same
2012-09-12 13:57