Improve tax base to strengthen fiscal position - experts

Improve tax base to strengthen fiscal position - experts

Malaysiakini - News·2019-09-30 05:01

In today’s challenging economic environment, the government has to improve its tax base in order to strengthen the country’s fiscal position.

This is because the current tax system, the sales and services tax (SST), is only predicted to collect RM22 billion this year, which had caused a shortfall as the previous tax system - the goods and services tax (GST) - had managed to collect RM44 billion.

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