GST has neutral impact on M'sian exports

Posted on 30 October 2013 - 01:39pm

Last updated on 30 October 2013 - 01:44pm

KUALA LUMPUR (Oct 30, 2013): The Goods and Services Tax (GST) scheduled for implementation from April 1, 2015, will have a neutral impact on Malaysian exports in the long term.

Principal consultant, DB Dynamics Consultancy, Dr S Mahadevan said in the initial stage, there would be some impact on exports as businesses adapt to the GST which was announced in the recent Budget 2014.

"The GST has been implemented successfully in other countries," he added.

He told the media this at the seminar on, "An Analysis on Budget 2014 in Relation to Government Grants and Financial Assistance for the Corporate Sector".

It was organised by the Malaysian Exporters Association and Malaysian Institute of Export and International Trade.

Mahadevan said overall, the government had provided a better working environment for businesses in Budget 2014.

"It is a good and balanced budget," he added. – Bernama