More than 170 countries around the world have adopted some kind of value-added tax or GST system, and that is one reason why the GST is more efficient than the SST, the World Bank Group lead economist Apurva Sanghi said.
KOTA KINABALU: The goods and services tax (GST) is better than the sales and service tax (SST) because the GST widens a country’s tax base and brings in more revenue, says the World Bank Group lead economist Apurva Sanghi.
More than 170 countries around the world have adopted some kind of value-added tax or GST system, and that is one reason why the GST is more efficient than the SST, he said.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
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!
