16-05-2018, 06:45 PM
Malaysia Scraps 6% GST Rate to Meet Mahathir's Election Promise
By Pooi Koon Chong
May 16, 2018, 5:20 PM GMT+8
Malaysia scrapped a 6 percent rate on the goods-and-services tax, fulfilling a campaign promise by Prime Minister Mahathir Mohamad that helped him win last week’s election.
The GST will be set at zero percent from June 1, the Ministry of Finance said in an emailed statement. All businesses must comply with the ruling, it said.
More details in https://www.bloomberg.com/news/articles/...on-promise
By Pooi Koon Chong
May 16, 2018, 5:20 PM GMT+8
Malaysia scrapped a 6 percent rate on the goods-and-services tax, fulfilling a campaign promise by Prime Minister Mahathir Mohamad that helped him win last week’s election.
The GST will be set at zero percent from June 1, the Ministry of Finance said in an emailed statement. All businesses must comply with the ruling, it said.
More details in https://www.bloomberg.com/news/articles/...on-promise