PUTRAJAYA: Malaysia's priority must be to ensure good governance before considering new types of taxation, says Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR: The government’s move to introduce several tax initiatives, including e-invoice and the Tax Identification Number , is crucial in overcoming the leakages involving parties who do not want to pay taxes.
Jagdev said there had been discussions from various parties that there has been reliance on oil and gas revenue, and at the same time, there is room to improve in terms of tax revenue. On the goods and services tax , Jagdev said if the government wishes to re-implement the tax system, the ideal reintroduction rate would be at 6.0 per cent, the same as the rate implemented previously.
Meanwhile, Yayasan Rahimah bt Yusof board of trustees member Dr Nungsari Ahmad Radhi said the government needs to determine better ways of relocating the existing revenue and the manner of channelling back to the people, other than spending it on subsidies.
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