Malaysia to remove GST on Jun 1

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KUALA LUMPUR: Malaysia is set to remove its Goods and Services Tax (GST) on Jun 1, the finance ministry said in a statement on Wednesday (May 16).

The GST removal will be applied throughout the country until further notice, the ministry said, adding that all registered businesses will need to comply with the zero rate.

Newly appointed Prime Minister Mahathir Mohamad had vowed to get rid of the consumption tax that was put in place by outgoing leader Najib Razak in 2015. 

This is a developing story. Refresh for updates.



Source

Asia News

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