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IN THE NEWS
Modify SST to make it business friendly and increase govt revenue
THE government is unlikely to reintroduce Goods and Services Tax (GST) in light of the slowing world economy. GST is seen to be a regressive tax that will burden lower income groups. At the same time, the government requires revenue to reduce the budget deficit and to...
Is it time to merge Inland Revenue Board and Customs?
THE Inland Revenue Board of Malaysia (IRB) and the Royal Malaysian Customs Department (Customs) are expected to collect about RM270 billion in taxes. IRB collects income tax, real property gain taxes, stamp duties, petroleum income tax; Customs collects import...
Viability of GST in digital economy
The upcoming budget next month has prompted discussions about the possible reintroduction of the GST and various other fiscal reforms to manage the government's finances. Our Managing Director, SM Thanneermalai, shared insights in an interview with Star Media Group...
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