FMM welcomes govt's initiative to study GST reinstatement

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

FMM survey in May involving 499 companies found support for GST reintroduction.

The Federation of Malaysian Manufacturers has welcomed the government’s initiative to study the feasibility of reinstating the Goods and Services Tax and review the weaknesses of the existing Sales and Services Tax .

Its president, Soh Thian Lai said prices of Malaysian exports would be more competitive globally as no GST would be imposed on exported goods and services, while GST incurred on inputs could be recovered along the supply chain...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Babiii

Now seems like a good time to impose more taxes... go ahead and do that!

another round of price increase. When GST was abolished in 2018, none of the prices came down.

Thank you very much agong for giving back the government to Umno-BN blood suckers who got kicked out of Putrajaya because your poor and hardcore poor Rakyat got sick of paying GST to subsidize the luxurious lives of Umno-BN blood suckers. Are you happy now agong?

So that they can make more money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines