The GST Implementation

GST is no more a talk about issue, but awaiting introduction…

“Reforming the existing tax structure towards a more broad-base tax system and gradually reducing personal and corporate tax.” 

BN Manifesto for GE13

“Malaysia needs a faster overhaul of its tax and subsidy regimes to sustain economic growth... Government not only needed to broaden its revenue base by introducing the goods and services tax (GST) but also needed to confine subsidies to the truly needy as well as eliminate tax incentives that were unproductive..” 

Christine Lagarde, Managing Director, International Monetary Fund (IMF), The Edge, 14 November 2012

Para 80: The transition from income based taxation system to a more comprehensive and fair taxation system will eventually benefit the Rakyat. Para 81: It will not affect the Rakyat, particularly the medium and low-income groups as all the basic needs such as food, housing or public transport will always to be protected. Para 82: Implementation of the new tax structure is a national imperative to ensure the Government’s finances remain strong. The government will not shirk from taking the right action although it is challenging. 

Dato’ Seri Mohd Najib Tun Abdul Razak, 2013 Budget Presentation, 28 September 2012 

“I guess when the time is right, in the near future, probably after the next general election, we will introduce the GST.”

Dato’ Seri Mohd Najib Tun Abdul Razak

Dialog Session with Forbes Media

13 September 2011