12MP review: Option of reintroducing GST remains, says Rafizi

The Star

Reviving the goods and services tax (GST) still remains an option, says Rafizi Ramli.  Although the current plan is to introduce capital gains tax next year, the Economy Minister said that other forms of taxes would also be considered.  He said after the tabling of the 12th Malaysia Plan mid-term review in Parliament on Monday (Sept 11).  Read more at http://rb.gy/lnwqn  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 Will the government consider reintroducing GST during the Trump plan?

00:10 I think I've mentioned just now that one of the strategies is to widen our revenue base

00:19 and we are focusing on developing and rolling out capital gains tax next year in 2024.

00:29 Of course government will stick to that strategy and we will be open to going through whatever

00:38 ways we can to achieve that fiscal sustainability through a wider revenue base.

00:46 Whether it's going to be capital gains tax, whether it's going to be GST, whether it's

00:51 going to be any form of direct or indirect taxes, I prefer to keep that strategy open

00:59 and then we will decide on case to case basis on year to year basis.

01:06 So any announcements with regards to whatever new tax, whatever new revenue, that will be

01:16 made by the finance minister from one budget announcement to another.

01:22 Thank you.

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