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Friday, February 28, 2014

Expert: Keep GST structure simple

Published: Thursday February 27, 2014 MYT 12:00:00 AM 
Updated: Thursday February 27, 2014 MYT 7:36:50 AM

KUALA LUMPUR: Malaysia should keep the tax structure for the goods and services tax (GST) in a simple form to facilitate its implementation, according to an expert.

Andrew Webb, senior VAT policy manager at HM Revenue and Customs (the UK’scustoms and tax department) said the GST was one of the most efficient tax mechanisms in the world, but if the structure became too complicated it would taint the system. “Malaysia should keep the tax as simple as possible,” he told reporters on the sidelines of the National Forum on Malaysia’s GST: Possible Lesson from the UK and Singapore here yesterday. – Bernama

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