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Tuesday, January 7, 2014

Employees Salaries Must Be Increased Following GST Implementation Next Year

KUALA LUMPUR, Jan 7 (Bernama) -- KPMG Malaysia is urging both the public and private sectors to gradually increase the salaries of their employees following the imposition of the goods and services tax (GST) next April.

Newly-appointed Managing Partner Johan Idris suggested a six per cent increase in employees salaries per annum to help tide over the high cost of living in Malaysia.

"Six per cent would be a good example to begin with especially after the GST implementation, new electric tariffs, petrol subsidy cuts and new toll rates," he told reporters after the launch of the second-edition of the 'Study on

Non-Executive Directors 2013 - Profile and Pay' publication.

Johan said that the GST implementation was inevitable as Malaysia was a developing country.


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