Malaysia Open to Studying Merger of GST and SST, Says Prime Minister Anwar

The Malaysian government is prepared to consider merging aspects of the Goods and Services Tax (GST) and the Sales and Services Tax (SST) to enhance the nation's taxation system. Prime Minister Datuk Seri Anwar Ibrahim indicated that the administration is open to exploring this integration.

Anwar stated, "We are open to studying (the merger of GST and SST) to improve the taxation system." He affirmed that while the government is willing to examine the potential benefits of combining elements from both tax regimes, the fundamental structure of Malaysia's current tax system remains based on SST.

This openness to review follows previous discussions and considerations regarding tax reforms aimed at optimizing revenue collection and simplifying tax administration. The potential merger could offer a more streamlined approach, although the specifics of implementation and the ultimate impact on businesses and consumers would require thorough analysis.