KUALA LUMPUR: The call to reintroduce the Goods and Services Tax (GST) is again being made by MCA president Datuk Seri Dr Wee Ka Siong.
“We cannot delay the taxation system that will benefit us in the long run. We have the same opinion as other chambers of commerce that we should bring back the GST,” he told reporters.
“Also, have proper planning so that industry people can be better prepared,” he said after chairing the Institute of Strategic Analysis and Policy Research 2024 National Budget Roundtable Discussion at Wisma MCA yesterday. The Ayer Hitam MP also said that under the present Sales and Services Tax system, many businesses were dodging taxes, resulting in reduced revenue for the government.“Throughout the world, 174 nations have already implemented the GST. So, we have to make a bold decision and forget about the past and move on.”
On Insap’s roundtable discussion, Dr Wee said it was fruitful as various inputs and concerns on national issues were identified.
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