KUALA LUMPUR: The government can raise tax collection without resorting to additional taxes through the regulation of the shadow economy and improved .
Address weaknesses before reintroducing GST, say experts 25 Jan 2021 / 09:30 H. One of main the bones of contention in the previous GST regime was the delays experienced in the reimbursement scheme. – BERNAMAPIX Thenesh says that to prevent late refund problems from recurring, the tax authorities must be given autonomy to operate independently.
PETALING JAYA:
The potential reintroduction of the good and services tax (GST), against a backdrop of a growing fiscal deficit, has to have previous weaknesses addressed first, tax experts say.
One of the main bones of contention in the previous GST regime was the delays experienced in the reimbursement scheme, as the law required all tax collection to be remitted to the federal consolidated fund with the refunds then allocated to customs from the consolidated fund.