00:00It would be impractical to bring back the goods and services tax right now,
00:05says Second Finance Minister, Amir Hamzah Azizan.
00:08Amir said the tax system, which was zero-rated in 2018,
00:13would take at least two years to reintroduce as many companies,
00:16both new and old, had moved on from it.
00:19If we see GST, it's a very good point actually.
00:22Second, if we look at the scheme of GST, the scheme of GST is too big.
00:27Bila kita kenakan, semua yang kena.
00:29And scheme GST, syarikat suka,
00:32kerana dia ada input and output tax.
00:35Apa dia charge, dia claim balik.
00:37Tapi yang kena bayar adalah rakyat.
00:39Amir also maintained that the government had never said the GST was not a good system,
00:44only that it was not suitable for now.
00:46He said any tax reform must be pragmatic and compatible with Malaysia's current economic structure.
00:52Last month, Prime Minister Anwar Ibrahim said,
00:55Putrajaya could consider bringing back the tax scheme when the economy improves
00:59and the minimum wage reaches RM4,000 or more.
01:03For now, the government has expanded the SST to cover more items,
01:06with a 5% to 10% tax on non-essential goods and added service tax on rent,
01:11construction, financial services, and private health care and education.
01:16Dhani Shorja Rizza, FMT.
Comments