Impractical to revive GST now, says Amir Hamzah

Free Malaysia Today

Finance minister II says the government never said that the GST was not a good system, just not suitable for the country at this time.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/07/03/impractical-to-revive-gst-now-says-amir-hamzah  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/07/03/tak-praktikal-perkenalkan-semula-gst-kata-amir-hamzah  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #AmirHamzahAzizan #GST #SST

Transcript

00:00It would be impractical to bring back the goods and services tax right now,

00:05says Second Finance Minister, Amir Hamzah Azizan.

00:08Amir said the tax system, which was zero-rated in 2018,

00:13would take at least two years to reintroduce as many companies,

00:16both new and old, had moved on from it.

00:19If we see GST, it's a very good point actually.

00:22Second, if we look at the scheme of GST, the scheme of GST is too big.

00:27Bila kita kenakan, semua yang kena.

00:29And scheme GST, syarikat suka,

00:32kerana dia ada input and output tax.

00:35Apa dia charge, dia claim balik.

00:37Tapi yang kena bayar adalah rakyat.

00:39Amir also maintained that the government had never said the GST was not a good system,

00:44only that it was not suitable for now.

00:46He said any tax reform must be pragmatic and compatible with Malaysia's current economic structure.

00:52Last month, Prime Minister Anwar Ibrahim said,

00:55Putrajaya could consider bringing back the tax scheme when the economy improves

00:59and the minimum wage reaches RM4,000 or more.

01:03For now, the government has expanded the SST to cover more items,

01:06with a 5% to 10% tax on non-essential goods and added service tax on rent,

01:11construction, financial services, and private health care and education.

01:16Dhani Shorja Rizza, FMT.

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Transcript

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