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Malaysia to study merging SST and GST for fairer tax system
🇲🇾 Malaysia /Economy & Trade

Malaysia to study merging SST and GST for fairer tax system

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

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  • Prime Minister Anwar Ibrahim outlined key principles for Malaysia's consumption tax system during a Budget 2027 engagement session.
  • The government is open to studying the potential merger of the Sales and Service Tax (SST) with the Goods and Services Tax (GST) to improve the taxation system.
  • The focus is on ensuring the tax system is fair and serves as more than just a revenue-generating mechanism.

Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, has signaled a potential shift in the nation's taxation landscape, emphasizing fairness over mere revenue generation. During a Budget 2027 engagement session in Putrajaya on August 18, Ibrahim highlighted crucial principles guiding the future of the country's consumption tax system.

A significant point of discussion was the government's openness to exploring a merger between the current Sales and Service Tax (SST) and the previously implemented Goods and Services Tax (GST). This review aims to identify ways to enhance the overall efficiency and effectiveness of Malaysia's taxation framework.

The Prime Minister's remarks underscore a commitment to a more equitable tax structure, moving beyond the sole objective of increasing government income. The focus remains on developing a system that is both fair to consumers and beneficial for the nation's economic health.

DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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