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MALAYSIA: MOTION TO ABOLISH GST TO BE TABLED NEXT WEEK

KUALA LUMPUR, Malaysia The government will be tabling a motion to abolish the Goods and Services Tax (GST) next week, Minister in the Prime Minister Department Liew Vui Keong said.

He said the bill for the implementation of the Sales and Services Tax (SST), which would take over from the GST, was also expected to be tabled next week.

“(Motion to abolish GST) I think it is next week which is likely to be on Monday,” he told reporters at Parliament lobby here yesterday.

When asked if the SST bill would be tabled on the same day with the GST motion, Liew said: “I don’t think so. I think abolishment will be done first.”

The government will reintroduce the SST on September 1 in place of the GST which has been zero-rated from June 1.

On the the Anti-Fake News Act, Liew said the recommendation now was total abolishment and not amendment of the law.

“It is in the pipeline, as I said before I had prepared the memorandum and it will be submitted to Cabinet for approval,” he said.

Source: NAM News Network

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Home / Human rights / MALAYSIA: MOTION TO ABOLISH GST TO BE TABLED NEXT WEEK

MALAYSIA: MOTION TO ABOLISH GST TO BE TABLED NEXT WEEK

KUALA LUMPUR, Malaysia The government will be tabling a motion to abolish the Goods and Services Tax (GST) next week, Minister in the Prime Minister Department Liew Vui Keong said.

He said the bill for the implementation of the Sales and Services Tax (SST), which would take over from the GST, was also expected to be tabled next week.

“(Motion to abolish GST) I think it is next week which is likely to be on Monday,” he told reporters at Parliament lobby here yesterday.

When asked if the SST bill would be tabled on the same day with the GST motion, Liew said: “I don’t think so. I think abolishment will be done first.”

The government will reintroduce the SST on September 1 in place of the GST which has been zero-rated from June 1.

On the the Anti-Fake News Act, Liew said the recommendation now was total abolishment and not amendment of the law.

“It is in the pipeline, as I said before I had prepared the memorandum and it will be submitted to Cabinet for approval,” he said.

Source: NAM News Network

Check Also

China Gives ‘Guarantee’ on Winter Gas Supplies

Despite all-out efforts to avoid shortages, China will depend on the volatile spot market for liquefied natural gas (LNG) to keep its homes heated for the second winter in a row.On Oct. 24, China's top planning agency said it has a "contingency plan in...