Extract of Budget Speech 2010
Strengthening Management of Goverment Finance

"..................................GST needs to be implimented to stabilize Goverment finance, it will not burden the rakyat. If Goverment impliments GST, it will replace the current sales tax and service tax as well as exemption will be granted to the low-income group"

YAB Dato' Sri Najib Tun Abdul Razak
Prime Minister of Malaysia
cum Minister of Finance Malaysia
23 October 2009



• GST is a broad-based  consumption tax levied on the supply of goods and services in Malaysia.
• Also known as VAT or the value added tax in many countries and GST will replace the existing sales tax and services tax.



• GST is also charged on the importation of goods and services.
  • Proposed rate of GST in Malaysia is 4%.



• A taxable person is a person required to be registered under the GST who makes taxable supplies in Malaysia and whose annual turnover exceeds the prescribed  threshold.



 
 
   
     
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