OECD moots gradual return of GST for Malaysia to strengthen its revenue source, Rafizi says many baskets better

PUTRAJAYA, Aug 27 — Malaysia should seriously consider bringing back the goods and services tax (GST) to increase its revenue, the Organisation for Economic Co-operation and Development (OECD) said in its report on Malaysia released today.

The OECD Survey of Malaysia 2024 noted that the country’s current tax system contributes only 12 per cent to the economy and suggested that the…