With many rumours flooding social media regarding the state of our Good & Service Tax (GST) after our historic #GE14, netizens are itching to know if it will really be abolish or is this just talk🐔? Well, you’re in luck, ’cause our latest Finance-Minister designate, Lim Guang Eng said that they are committed.
In a report by NST, our brand new government Pakatan Harapan will be abolishing GST but don’t expect the decision to come anytime soon.
The reason why they could not take action now is simply because Lim said he is yet to be sworn in as a Finance Minister.
“Even then, I have checked with the ministry and the prime minister and no one had issued any circular. We will still do it (abolish GST) within 100 days of coming into power as promised. It is just that I have not taken my oath of office for now and cannot be issuing any statements to the effect,” he said at the Khazanah Nasional Bhd Penang office.
He also brought up a viral post about GST being abolished this 1 June and deemed it as fake news, adding that a police report had been lodged over the matter.
Yesterday, former governor of Bank Negara Malaysia (BNM) and member of the newly-formed Council of Elders, Tan Sri Zeti Akhtar Aziz said that Malaysia can safely hit its revenue requirement despite shelving the controversial tax.
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