Although the Finance Minister Tengku Dato’ Sri Zafrul Aziz has said that no new taxes will be introduced until the economy recovers, it’s worth discussing the different options to fill government coffers that have been depleted by the pandemic. To this end, the Ministry of Finance has set up a committee to study various ways to enhance government revenues, including the proposal to reinstate the Goods and Services Tax (GST). We speak to Ng Sue Lynn, Head of Indirect Tax at KPMG Malaysia, on factors the government should consider if GST were to make a comeback.

Image Credit: Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Audrey Raj, Wong Shou Ning

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  SME,  Markets,  Politics,  Law and Legal Matters,  Business Analysis,  Trends and Forecasts,  Social Issues,  Investments

Tags:  budget 2021,  SST,  GST,  tax reform,  windfall tax,  capital gains tax,