FMM lauds reintroduction of GST


FMM president Tan Sri Soh Thian Lai is hopeful that the GST will be set at a rate that will not burden the rakyat, yet be capable of widening the government’s revenue base to lower its debt ratio and accelerate the pace of fiscal consolidation.

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) believes that the reintroduction of the goods and services tax (GST) will support a stronger economic revival and be a more effective tax regime compared with the current sales and service tax (SST).

FMM president Tan Sri Soh Thian Lai is hopeful that the GST will be set at a rate that will not burden the rakyat, yet be capable of widening the government’s revenue base to lower its debt ratio and accelerate the pace of fiscal consolidation.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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!

FMM , Soh Thian Lai , GST ,

   

Next In Business News

WCT Holdings to benefit from strong order book and property sales
Ringgit rises as Fed signals interest rate cuts
MRCB records jump in third-quarter net profit
China’s Hesai to halve lidar prices next year, sees wide adoption of electric cars
BHIC sells its 51% stake in CAD unit for RM54mil
Malayan Cement expects growth in the demand for concrete
Paramount upbeat on sales performance
Bright prospects ahead for TMK Chemical
Online marketing costs jump in bidding war
FBM KLCI closes higher on utility stock gains

Others Also Read