{"id":99868,"date":"2020-11-04T17:25:15","date_gmt":"2020-11-04T09:25:15","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=99868"},"modified":"2020-11-04T17:38:53","modified_gmt":"2020-11-04T09:38:53","slug":"proposal-to-re-introduce-gst-requires-careful-study-pm","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=99868","title":{"rendered":"Proposal to re-introduce GST requires careful study &#8211; PM"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"640\" height=\"451\" src=\"http:\/\/www.namnewsnetwork.org\/wp-content\/uploads\/2020\/11\/muhyiddin-gst.jpg\" alt=\"\" class=\"wp-image-99869\" srcset=\"http:\/\/namnewsnetwork.org\/wp-content\/uploads\/2020\/11\/muhyiddin-gst.jpg 640w, http:\/\/namnewsnetwork.org\/wp-content\/uploads\/2020\/11\/muhyiddin-gst-300x211.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption>KUALA LUMPUR, Nov 4 &#8212; Prime Minister Tan Sri Muhyiddin Yassin during a press conference via teleconferencing at his residence today. Photo courtesy of BERNAMA.<\/figcaption><\/figure>\n\n\n\n<p>PUTRAJAYA, Nov 4 (NNN-BERNAMA) &#8212; Prime Minister\u00a0Tan Sri Muhyiddin Yassin\u00a0said the government would study the proposal\u00a0by\u00a0various parties including industry players, academicians\u00a0and members of the public for the goods and services tax (GST) to be re-introduced.<\/p>\n\n\n\n<p>He said it&nbsp;was&nbsp;incumbent on the&nbsp;government to be meticulous&nbsp;in studying the effectiveness of the&nbsp;multi-stage tax system&nbsp;in contrast to the single tier consumption tax applied&nbsp;in Malaysia currently, which is the sales and services tax (SST), and&nbsp;the value-added consumption tax applied by many&nbsp;countries.<\/p>\n\n\n\n<p>\u201cVarious aspects including strengths and weaknesses of the current SST, and the GST model that was introduced&nbsp;in 2014 must be taken into account to determine&nbsp;the viability of GST or any consumer tax model prior to it being implemented,\u201d he said.<\/p>\n\n\n\n<p>Muhyiddin said this in&nbsp;an interview with BERNAMA&nbsp;and local television stations here today.<\/p>\n\n\n\n<p>He said the study was needed to determine&nbsp;the overall impact of&nbsp;such&nbsp;taxes if implemented, on the economy, the people\u2019s cost of living as well as the ability of the&nbsp;taxes to combat black economy.<\/p>\n\n\n\n<p>\u201cI understand that there are those who are of the view that GST is a more efficient tax system and the collection is also bigger than SST. However, we have to study it meticulously.<\/p>\n\n\n\n<p>&nbsp;\u201cThe Ministry of Finance had&nbsp;also looked into this matter but has not reached a decision. The government will announce once a&nbsp;decision is made,\u201d he said.<\/p>\n\n\n\n<p>He added that any form of consumer tax that is&nbsp;to be introduced&nbsp;must&nbsp;be simple&nbsp;to administer and not increase business costs.&nbsp;<\/p>\n\n\n\n<p>&#8212; NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PUTRAJAYA, Nov 4 (NNN-BERNAMA) &#8212; Prime Minister\u00a0Tan Sri Muhyiddin Yassin\u00a0said the government would study the proposal\u00a0by\u00a0various parties including industry players, academicians\u00a0and members of the public for the goods and services tax (GST) to be re-introduced. He said it&nbsp;was&nbsp;incumbent on the&nbsp;government to be meticulous&nbsp;in studying the effectiveness of the&nbsp;multi-stage tax system&nbsp;in contrast to the single tier [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":99869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/99868"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99868"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/99868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/99869"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99868"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}