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What is Malaysia GST??

What is Malaysia GST?

What is Malaysia GST?

what is gst

During the reading of the 2014 budget for Malaysia in October 2013, the government proposed that the Sales and Services Tax was to be abolished and replaced with Goods and Services Tax (GST) of six percent starting on April 1, 2015. The GST Bill 2014 was passed in Dewan Rakyat (lower house of the Parliament of Malaysia) on 7 April 2014.

GST is not an additional tax but rather is a consumption tax paid when a person spends or makes a purchase, and is imposed on taxable supplies.

Please refer to the official website from Royal Malaysian Customs Department:
Click here for more details

The following are some of the news featured:

12/11/2014:IDC predicts 'GST scramble' by Malaysian businesses at ComputerWorld Malaysia
12/11/2014:IDC predicts 'GST scramble' by Malaysian businesses at CIO Asia
12/11/2014:IDC predicts 'GST scramble' by Malaysian businesses at MIS Asia
11/11/2014:Persediaan Untuk CBP Lonjak Sektor Aplikasi - IDC
11/11/2014:Scramble To Be GST-Ready To Give Enterprise Apps Sector A Boost -- IDC
11/11/2014:SAP Malaysia offers rapid solution with GST Task Force
11/11/2014:Expect scramble from businesses in order to be GST-ready - IDC
11/11/2014:Businesses scramble to be GST-ready
07/04/2014:Parliament: GST Bill passed in Dewan Rakyat
31/03/2014: Bill tabled in Parliament for first reading
27/02/2014: Bill to be tabled in Dewan Rakyat soon
11/07/2013: MARC: GST more efficient than sales tax
28/06/2013: No GST on basic necessities
25/05/2013: Getting GST acceptance will be tough
14/10/2012: Is GST the way to go