'SST far superior to GST’


Choong Kwai Fatt recommended that the government refine the existing Sales and Services Tax (SST) model to accommodate local economic demand of circumstances. “The GST should never be brought back as it adds to the burden of the B40 group."

PETALING JAYA: The Goods and Services Tax (GST) regime will only work well in a developed country where the disparity of income is not wide and the nation shares a single culture and common education system, according to a taxation expert.

Choong Kwai Fatt recommended that the government refine the existing Sales and Services Tax (SST) model to accommodate local economic demand of circumstances.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

GST , SST , tax , Choong , developed country , finance ,

   

Next In Business News

Survey: Directors keen to harness AI, ESG, diversity benefits but face implementation challenges
Fajarbaru now called 'FBG'
EPF's investment in MAHB to support dividend payouts
MAHB: Five independent directors not terminated
EX-Tabung Haji CEO Nik Hasyudeen Yusoff appointed SC board member
SD Guthrie appoints new sustainability committee chairman
US AI chip export restrictions to have limited impact on tech sector - Maybank IB
Bursa Malaysia a sea of red as inflation risk, trade fears continue to bite
SC to unveil toolkit to assist listed companies' transition to meet NSRF compliance
Colform aims to rise RM41.19mil from IPO to fund expansion plans

Others Also Read