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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