No plans to bring back GST: Finance Minister

by TMR/ pic by HUSSEIN SHAHARUDDIN

The government does not intend to re-introduce the Goods and Services Tax (GST), Finance Minister Lim Guan Eng (picture) said. 

He was asked to respond to reports citing economists and political leaders’ suggestions that the government should bring back the GST to boost its coffers. 

“I’ve not heard that proposal, but we already abolished the GST in June last year. So, there are no plans to bring it back,” Lim told reporters on the sidelines of the launch of 1 Utama Shopping Centre’s e-wallet and e-commerce platform in Petaling Jaya today. 

The Pakatan Harapan administration abolished the consumption-based tax last year, as promised in its election manifesto. 

It then re-introduced the Sales and Service Tax (SST) in September 2018. In January this year, Lim said the SST collection since September amounted to RM5.4 billion. 

In July, Deputy Finance Minister Datuk Amiruddin Hamzah said the government expected the SST collection to amount to RM22 billion for 2019. 

Under the previous government, GST collection amounted to RM44 billion in 2017.