Things will be pricier when SST comes into play, says Najib


Former prime minister Najib Razak says goods will become pricier when the sales and services tax is implemented as zero-rating the goods and services tax did not achieve reduce goods prices by much. – The Malaysian Insight pic by Seth Akmal, July 12, 2018.

NAJIB Razak has warned Malaysians when the sales and services tax (SST) is implemented in September, the prices of goods will be much higher.

The former prime minister said the Pakatan Harapan (PH) government is to be blamed for zero-rating the goods and services tax (GST) and causing a limbo in the country’s taxation, which would eventually result in an increase of the price of goods.


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Comments


  • Well, what is the govt's reaction to this? Wait to see, in September? Forearmed is forewarned!..

    Posted 1 year ago by MELVILLE JAYATHISSA

  • No need to heed Najib the international criminal..

    Posted 1 year ago by Dr Shah Aziz Danny

  • Use a bit of your common sense before you start talking nonsense. The collection for GST was some RM49 billion last year, which is expected to reduce to some RM30 billion with the introduction of SST. Simple mathematics will tell you that generally GST will result in higher pricing of goods than SST. And I understand that you have a degree in economics.

    Posted 1 year ago by Mun Hoong Koh

    • GST is a multi tiered tax whereby the price of goods may be jacked up at several points, which also contribute to the higher collection figures while SST is levied only at the POS (Point of Sale)

      Posted 1 year ago by Pak Yus