KUALA LUMPUR: There are no plans yet to revive the Goods and Services Tax (GST), says Datuk Seri Anwar Ibrahim (pic).
“The government has yet to revive the GST. Any changes to tax policy will have to take into account the impact on the economy and the cost of living of the people,” the Prime Minister said in a written parliamentary reply dated Nov 1.
“Therefore, the government will continue to monitor the current economic condition and consider fiscal measures which are suitable with short and medium term,” he added.
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Anwar, who is also the Finance Minister, was responding to Datuk Dr Zulkafperi Hanafi(PN-Tanjung Karang) who asked if the government plans to reintroduce GST in the country in the short and medium term.
There have been renewed calls for the controversial tax to be brought back.
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On Sept 11, Economy Minister Rafizi Ramli said reviving the GST still remains an option.
However, when announcing Budget 2024 on Oct 13, Anwar instead said the government planned to raise the sales and service tax (SST).
The service tax was raised from 6% to 8% but would not include services such as food and beverage, and telecommunications.
