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Friday, June 14, 2013

Quick Info: The GST Bill 2009

Malaysia is currently gearing up for transition to a new tax system, known as Goods & Services Tax (GST), for the first time in its history. GST is to replace the current Sales and Services Taxes (SST).

The GST Bill was tabled to the Parliament of Malaysia for the first reading in 2009. However, the second reading of the bill has been postponed by the Government in March 2010 for the purposes of assessing the impact of the implementation on the RAKYAT.

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