Govt could reevaluate GST, improve its implementation ȁ

Govt could reevaluate GST, improve its implementation — MIDF


KUALA LUMPUR (Jan 21): The Government could reevaluate the Goods and Services Tax (GST) and reflect on how the consumption tax could be implemented better, considering all the possible advantages of the GST over other tax regimes will benefit the government, businesses and the people, said MIDF Amanah Investment Bank Bhd (MIDF).
In its Thematic Report released today, the investment bank said communication on the GST implementation is pivotal as it will involve the people and the Government should provide more clarifications by highlighting the possible impact in the short term and its strategies to alleviate them.
“GST reimbursement, which was an issue in the past, must be managed efficiently as any delay is unfavourable to business cash flows where the cost of doing business could be affected,” it said.

Related Keywords

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