Guan Eng: GST is finally dead
- 6 years ago
The Service Tax Bill 2018 was passed yesterday at the Dewan Rakyat despite objections from opposition lawmakers.
The bill formed part of the sales and services tax (SST) slated to be implemented in September.
On Tuesday, the House passed the Sales Tax Bill 2018. The SST bills were first tabled in Dewan Negara on July 16.
In his winding-up debate, Finance Minister Lim Guan Eng stressed that the government cannot guarantee that there will be no price hikes after the new tax is in place.
However, he believes that the impact would be half of that caused by the GST.
Lim also pointed out that the SST will not be imposed on the public development projects, which will save the government six percent on its expenditure.
The House also repealed the GST by passing the GST (Repeal) Bill.
The bill formed part of the sales and services tax (SST) slated to be implemented in September.
On Tuesday, the House passed the Sales Tax Bill 2018. The SST bills were first tabled in Dewan Negara on July 16.
In his winding-up debate, Finance Minister Lim Guan Eng stressed that the government cannot guarantee that there will be no price hikes after the new tax is in place.
However, he believes that the impact would be half of that caused by the GST.
Lim also pointed out that the SST will not be imposed on the public development projects, which will save the government six percent on its expenditure.
The House also repealed the GST by passing the GST (Repeal) Bill.