Malaysia government not planning to reintroduce GST, report says

08/29/2024

Less than a minute

2024.08.29 01:34

KUALA LUMPUR (Reuters) – The Malaysian government has no plans to reintroduce a goods and services tax (GST) as an alternative to removing subsidies for RON95 petrol, state news agency Bernama reported on Thursday, citing the government spokesperson.

© Reuters. FILE PHOTO: Malaysia Communications Minister Fahmi Fadzil speaks during an interview at Kuala Lumpur, Malaysia July 28, 2023. REUTERS/Hasnoor Hussain/File Photo

“No, there were never discussions,” Fahmi Fadzil was quoted as saying.

Bloomberg reported on Wednesday that Malaysia was weighing the return of a broad-based consumption tax instead of implementing subsidy cuts for RON95 as the government looks to bolster its finances.

08/29/2024

Less than a minute

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