PUTRAJAYA, Jan 15, 2016:
The government is not envisaging any increase in the Goods and Services Tax (GST), says Prime Minister Datuk Seri Najib Razak.
Najib, who is also Finance Minister, said the government at this stage was taking into consideration the welfare and ability of the people.
“I don’t think the people have the capacity to absorb any additional or increase in GST … increase of GST is not ‘on board’… not on the table,” he told a news conference here today.
He was asked whether the government planned to increase the GST after it had emerged as the saviour of the national economic and financial position at the macro level.
Malaysia introduced a 6% GST from April 1 last year.
Earlier, Najib chaired three meetings with analysts, economists, captains of industry and Special Economic Committee to seek their views on the proposed recalibration of Budget 2016.
Also present was Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.