Guan Eng: SST Will Not Burden The People

55

Categories:

KUALA LUMPUR, Jul 17 – The Sales and Services Tax (SST) will not burden the people more than the Goods and Services Tax (GST), as the government will only collect RM21 billion a year and “return” the RM23 billion difference to them, according to Finance Minister Lim Guan Eng.

He said the expected collection from SST was estimated at only RM21 billion for a full year, compared with the previous government’s projected GST collection of RM44 billion for 2018.

“False claims by Umno that SST will burden the people even more than GST is illogical. According to them, my announcement that reverting to the old system of sales tax at 10% and services tax at 6% means that the tax rate would be at 6%, higher than the 6% GST,” he said in a statement.

Lim added that it was untrue, as one could not simply add the sales tax and services tax together, “which would be equating apples with oranges.” — Bernama

0
like
0
love
0
haha
0
wow
0
sad
0
angry
  • JUST IN: The Dewan Rakyat passed the Sales Tax Bill 2018 on Aug 14 and the Service Tax Bill 2018 on Aug 15. The Sal… https://t.co/b7rNNFzgu3 Aug 20, 2018
  • No SST For Construction Services, Some Building Materials https://t.co/0rQxQOgcmU Aug 12, 2018
  • PKR Polls: Rafizi Wants ‘Brotherly Spirit’ To Prevail https://t.co/Ys5XOUvHle Aug 12, 2018

error: Content Is Protected !