BY YISWAREE PALANSAMY
Finance Minister Lim Guan Eng speaks to people during ‘Meet the Customer Day’ at the WPKL Customs Complex in Kelana Jaya January 9, 2020. — Picture by Hari Anggara PETALING JAYA, Jan 9 — The federal government collected RM27.5 billion in Sales and Services Tax revenue in 2019 to surpass the RM22 billion targeted for the year, Lim Guan Eng said today.“Apart from that, I also want to announce that last year, the target of RM22 billion to be collected for the SST, was not only achieved, but had exceeded target. The amount collected was RM27.5 billion.
“This shows that indeed, the economy is still strong. Definitely, if you ask about the shortfall, because GST before this RM44 billion. So even though it’s RM27.5 billion, there is still a gap of RM17 billion. “But don’t forget that the gap actually is about RM9 billion, because from this amount, almost half are refunds which was supposed to have been paid,” Lim said, referring to input tax refunds for the repealed Goods and Services Tax that he previously accused the Barisan Nasional of withholding.“So, everything is according to plan fiscally. So that’s why when we talk to fund managers and foreign investors, they are quite confident that we can achieve our target.
thanks Rakyat Malaysia. the Malaysian govt took more money from you in 2019 than they even expected.