Moving Forward with GST

After introducing the broad based Goods and Services Tax (GST) system in 2015, over 400,000 companies operating in Malaysia that meet the requirements registered for GST. Of these, 90% filed for GST returns in a timely manner. This registration is mandatory for businesses with a turnover of more than RM500,000.

GST not only has the potential to improve economic growth and increase global market competitiveness, it is also able to raise much needed revenues to enable the Government to address the public service needs of the country.