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Malaysia Can Meet Revenue Requirement Without GST

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KUALA LUMPUR – Malaysia can meet its revenue requirements even after shelving the Goods and Services Tax (GST) by prioritising its projects, increasing the efficiency of the public sector, avoiding wastage and exploring new sources of revenue, says Tan Sri Zeti Akhtar Aziz. The former Bank Negara governor also expressed her confidence in the country’s…

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GST Essential For Nation’s Development

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KUALA LUMPUR – It is the norm for any nation to want to increase its revenue to enable its citizens to enjoy excellent facilities and services. As infrastructure development involves high expenditure, governments have to impose consumption taxes like the Goods and Services Tax (GST) to finance the building of new roads, hospitals, highways and…

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Malaysia Needs GST: Former Finance Minister

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KUALA LUMPUR- Former finance minister Tun Daim Zainuddin has admitted that he used to propose the idea of introducing Goods and Services Tax (GST) when holding the position in 1984. Daim said Malaysia needed GST as one of the major sources of national income. “I really wanted to introduce the GST as our country’s revenue…

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Government Will Not Raise GST Rate, Even After GE14

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BAGAN DATUK – The government has given an assurance that the country’s Goods and Service Tax (GST) of sic per cent will not be raised, even after the 14th General Election. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said this decision was due to the fact that the government had made a calculation…

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Police Record Lim’s Statement In Anti-GST Song Probe

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GEORGE TOWN – Penang police recorded a statement from Chief Minister Lim Guan Eng today to assist investigations into the case where he allegedly tried to indoctrinate children with ‘hate politics’ by poking fun at the Goods and Services Tax (GST) in a parody of the ‘A, B, C’ song recently. Two police officers arrived…

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Malaysia’s GST Rate Among The Lowest In The World

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KOTA KINABALU – Malaysia’s six per cent Goods and Services Tax (GST) is among the lowest in the world, Prime Minister Datuk Seri Najib Tun Razak said today. In fact, he said, the government remained concerned and had exempted the GST on 578 essential goods. “Usually, the middle-men will raise the prices of goods and…

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Malaysia Will Become Deficit Without GST – Najib

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PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak said Malaysia will become a country with deficit without collecting RM45 billion in revenue through the implementation of the goods and services tax (GST). Najib, who is also Finance Minister, said without the GST, the country was unlikely to be able to collect a revenue of…

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GST Can Save Country During Economic Downturn

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PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak said the Goods and Services Tax can save the country during an economic downturn. Najib, who is also the Finance Minister, said the GST was introduced not to burden the people but to be a national economic saviour. Speaking at the 36th World Customs Day 2018…

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Prices Of Goods Rise Due To Many Factors, Not Just GST

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KUALA LUMPUR – The increase in the prices of goods and services in the country is influenced by various factors and is not due to the implementation of the Goods and Services Tax (GST), said Deputy Finance Minister Datuk Othman Aziz. He said the inputs for the determination of the prices of goods did not…

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Prices Of Goods Rise Due To Many Factors, Not Just GST

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  KUALA LUMPUR – The increase in the prices of goods and services in the country is influenced by various factors and is not due to the implementation of the Goods and Services Tax (GST), said Deputy Finance Minister Datuk Othman Aziz. He said the inputs for the determination of the prices of goods did…

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Najib Refutes Claim Of GST Implementation Paying For 1MDB

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KUALA LUMPUR– Prime Minister Datuk Seri Najib Tun Razak has refuted the claim that implementation of the Goods and Services Tax (GST) was to pay for 1Malaysia Development Bhd (1MDB). Calling it an absolute lie, the Prime Minister in a statement titled, “My Economic Vision For Malaysia” today, said 1MDB in fact played a key…

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Company Director Fined RM6,000 For Failing To Submit GST Statement

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ALOR SETAR –  A director of a construction company was today ordered to pay fine, totalling RM6,000, on six counts of failing to submit the company’s Goods and Services Tax (GST) statements to the Malaysian Customs Director-General. Sessions Court judgeAzman Abu Hassan meted out the fine of RM1,000 on each count, in default three months’ jail, after Iliasco…

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Pakatan Harapan’s Promise To Scrap GST Merely Rhetoric

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PUTRAJAYA – The opposition’s promise to remove the Goods and Services Tax (GST) if they win in the 14th general election (GE14) has been dismissed as mere rhetoric without explaining the measures they would take to balance the budget deficit and government projects financing. Minister in the Prime Minister’s Department, Datuk Seri Abdul Rahman Dahlan said the people would want Pakatan Harapan (opposition coalition) to explain ways…

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GST For 60 Food Items Cancelled

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KUALA LUMPUR – The Royal Malaysian Customs Department (RMCD) said it was cancelling the goods and services tax (GST) on over 60 food items, due to be enforced on July 1, after referring to the Finance Ministry. “Following consultation, it was decided to annul the “Goods and Services Tax (Zero Rated Supplies) Order 2014 (Amendment)…

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Subsidy Rationalisation, GST Measures Have Paid Off – PM Najib

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KUALA LUMPUR – The introduction of subsidy rationalisation, coupled with the Good and Services Tax (GST), are productive and progressive measures that have paid off, said Prime Minister Datuk Seri Najib Tun Razak. He said despite the challenging global times and the fall in oil prices, Malaysia has managed to sustain growth of 4.2 per…

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Two Company Directors Charged With Failing To Submit GST Statement

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JOHOR BAHRU – Two directors of a used-car company pleaded not guilty in the Sessions Court here today to 15 counts of failing to submit the Goods and Services Tax (GST) statements to the Royal Customs Department. Mohd Dani Firdaus Sulaiman, 35, and his father, Sulaiman Hussin, 61, made the plea after the charges were…

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Najib: Our GST Not A Burden

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ORT DICKSON: Malaysia’s implementation of the Goods and Services Tax (GST), which has enabled the authorities to raise RM41bil last year, is not as “burdensome” as that in other countries, says Datuk Seri Najib Tun Razak. He said countries like India would have a drastic GST regime when it imposes up to 23% tax on…

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Govt To Collect RM42 Billion In GST This Year

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KOTA KINABALU – The government, via the Royal Malaysian Customs Department, expects to collect RM42 billion in goods and services tax (GST) this year compared to RM41 billion last year, said Deputy Finance Minister, Datuk Othman Aziz. Othman said the target could be achieved through the cooperation of all parties in the face of worldwide…

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Customs Adopting ‘Friendly’ Approach For Businesses’ GST Compliance

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JOHOR BARU: The Customs Department is changing its strategy and using a “friendlier” approach to get businesses to comply with the goods and services tax (GST) regulations. Deputy director-general (enforcement and compliance) Datuk T. Subromaniam said the new approach was being used in operations conducted under the Customs Blue Ocean Strategy (CBOS) where enforcement officers…

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GST A Saviour As Lover Prices Cast Global Uncertainties

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KUALA LUMPUR – The goods and services tax (GST), which was introduced last year, has been a saviour of the country’s economy as the fall in crude oil prices cast global uncertainties and threw most economies into turmoil. In fact, the GST has helped Malaysia cope with the loss in its oil revenue. Prime Minister…

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GST special Refund Scheme Was Properly Conducted, Says Auditor General

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KUALA LUMPUR – The special refund scheme for the Goods and Services Tax (GST) was properly conducted by the Royal Malaysian Customs Department (RMCD), the 2015 Auditor General Report (Series 2) revealed today. It said, however, some weaknesses, including inefficient management of special refund claims and lax reviewing and approving of applications, were found during…

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GST Collection RM32.71 Billion Till Oct 2016

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KUALA LUMPUR – Goods and services tax (GST) collection of RM32.71 billion was recorded up to October 31 this year while M27,012 billion was recorded from April 1, 2015 until Oct 31, 2015. According to the Finance Ministry, all tax revenue was placed under the Consolidated Fund with direct taxes and indirect taxes collected by…

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Malaysia Keen To Learn From China

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KUALA LUMPUR: Malaysia is keen to expand ties with its biggest trading partner China to include cooperation in digital economy, as it enters the “Year of Internet Economy” next year. Prime Minister Datuk Seri Najib Tun Razak said Malaysia has much to learn from China’s advancement in Internet technology. “I encourage collaborations and cooperation in…

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Govt Never Planned To Abolish GST, Says Johari

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KUALA LUMPUR – The government had never planned to abolish the Goods and Services Tax (GST), which was implemented on April 1, 2015 in a bid to restructure the nation’s consumption tax system to make it more transparent and efficient, said Datuk Johari Abdul Ghani. “The GST that came into force has taken into account…

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Najib: GST Is The Saviour Of The Malaysian Economy

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KUALA LUMPUR: The Goods and Services Tax (GST) is the saviour of the Malaysian economy, says Datuk Seri Najib Tun Razak. The Prime Minister said this during a question and answer session in the Dewan Rakyat on Monday where he said the national economy would crash without GST. “This is a negative interpretation by the…

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Datuk Vida Faces 32 Charges Under GST Act

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IPOH – Cosmetic millionairess Datuk Seri Dr Hasmiza Othman, or better known as Datuk Seri Vida, was charged in the Sessions Court here today with 32 charges under the Goods and Services Tax (GST) Act 2014. However, she pleaded not guilty to all the charges after they were read out to her before judge Murtazadi…

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Telco Owner Pleads Guilty In GST Case

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IPOH – A telecommunications company owner pleaded guilty in the Sessions Court here today to eight counts of failing to submit Goods and Services Tax (GST) statements to the Royal Customs Department. Wong Kean Yik, 35, who is also Sun Yi Telecommunication Trading director, made the plea after the charges were read out to him…

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Company Charged With Failing To Submit GST Statements

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GEORGE TOWN – A motorcycle spare parts distributor was charged in the Sessions Court here today with eight counts of failing to submit Goods and Services Tax (GST) statements to the Royal Customs Department. The company, Faito Racing Trend Sdn Bhd, represented by its directors, Teoh Chin Ching, 65, and Teoh Wee Let, 37, pleaded…

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Najib: GST, Subsidy Rationalisation Helped Malaysia Weather Economic Uncertainties

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PUTRAJAYA: The implementation of the Goods and Services Tax (GST) and the rationalisation of subsidies gave the Government income to spend in times of economic uncertainty, said Datuk Seri Najib Tun Razak (pic). The Prime Minister said these “proactive measures” had enabled the Government to still give civil servants a pay rise and build the…

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Govt Spent lmost RM300 Mln For GST Implementation

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KUALA LUMPUR – The government spent almost RM300 million towards implementation of the Goods and Services Tax (GST)on April 1, 2015. This amount covered training grants, GST-compliant accounting software for small and medium scale enterprises (SME)s, as well as development of the MyGST system. The Ministry of Finance in a written reply in the Dewan…

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