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Fiscal deficit target requires fuel subsidy removal or reduction with 4% GST- RHB IB

KUALA LUMPUR: A complete removal of fuel subsidy or, alternatively, a combination of at least a goods and services tax (GST) rate of four per cent and 90 per cent reduction in fuel subsidy is necessary to achieve a fiscal deficit target of three per cent of gross domestic product (GDP), RHB Investment Bank Bhd said.
Kuala Lumpur Investment Bank Bhd Investment Bank Bank Bhd Malaysia Plan Mid Term Review Analyst Reports

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E-invoicing to bode well if GST reintroduced, helps to achieve revenue collection target -- IRB

KUALA LUMPUR: The implementation of the electronic invoicing system (e-invoicing) will bode well should the government opt to reinstate the Goods and Services Tax (GST), and simultaneously, assist it in achieving its 2024 tax collection target of RM185 billion, said Inland Revenue Board (IRB) chief executive officer Datuk Seri Mohd Nizom Sairi.
Kuala Lumpur Mohd Nizom Services Tax Inland Revenue Board Datuk Seri Mohd Nizom Grant Thornton Malaysia

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