GST reintroduction could raise car prices in Malaysia by 1-3%, according to AmInvestment Bank analyst

According to AmInvestment Bank analyst Alex Goh (as reported by Bernama), car prices in Malaysia are expected to increase by 1% to 3% should the government switch back to the goods and services tax (GST), …

– the GST rate was 6% previously. FMM president Tan Sri Soh Thian Lai explained that GST provided a fairer tax structure and eliminated cascading and compounding of taxes commonly found in the SST regime.

, although there were also some models that saw increases. As we reported previously, there were also large-scale price drops when SST was reimplemented in 2018, so it’s not an apples-to-apples comparison as the differing methods in calculating GST and SST complicates matters., which you should check out to better understand the mechanics of the two tax regimes.

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