Taxation

Zahid: BN to Push for GST Reintroduction After GE16 for Fairer Taxation

Barisan Nasional (BN) chairman Datuk Seri Ahmad Zahid Hamidi declared the coalition will advocate for the reintroduction of the Goods and Services Tax (GST) after the 16th General Election (GE16), hailing it as the fairest and most effective tax regime for boosting national revenue.

Speaking at the Makkal Sakti Party’s 17th AGM in Butterworth, he said BN would tolerate the current Sales and Services Tax (SST) for now, with about two years left. The call echoed Makkal Sakti president Datuk Seri R S Thanenthiran’s plea, citing SST’s public hardships.

GST Reintroduction

GST, implemented in April 2015 under then-PM Najib Razak at 6%, was highly disputed by opposition parties like Pakatan Harapan, who criticised it as burdensome on lower-income groups and regressive. Its unpopularity is widely seen as a key factor in BN’s shocking defeat in the 2018 election, leading to GST’s abolition and SST’s introduction. Critics argue GST disproportionately affects the poor, while supporters claim it broadens the tax base fairly.

Business News

News Malaysia and Global

Read More News on Latest Malaysia

Read More News on Business News Malaysia

Read More News on SG Business News

Read More News on World Future TV

Read More News #latestmalaysia

Staff Writer

Recent Posts

Padini Shares Under Pressure Amid Probe

Padini Holdings' shares decline due to a MACC investigation, creating uncertainty that affects investor sentiment…

9 hours ago

AIA Vitality Marks 10 Years Driving Healthier Living in Malaysia

AIA Vitality celebrates 10 years, reaching 391,000 members while driving healthier lifestyles through rewards, data…

10 hours ago

Micro Biz Association: Politicising FWCMS May Set Back Progress Made in Managing Foreign Workers

Tan further underscored that the FWCMS has successfully operated across five different government administrations, a…

15 hours ago

WRP shutdown but sector still positive

WRP’s closure provides a blueprint for risk management for interconnected sectors

16 hours ago

ViTrox Delivers Strong 1QFY26, Driven by AI Demand

ViTrox beats forecasts with strong 1QFY26, AI-driven demand, China expansion plans, and robust order backlog…

16 hours ago

Cautious Sentiment Dominates as Global Tensions Cloud Market Direction

Overall, investor strategy is likely to remain selective, favouring stability and earnings visibility over high-risk…

18 hours ago

This website uses cookies.