Revenue drawback with SST delay

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The story "Revenue drawback with SST delay" was covered 21 hours ago by The Star, a news publisher based in Malaysia.

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The Star 21h ago

Revenue drawback with SST delay - The Star

Quick Summary:

The postponement of the expanded scope of the sales and service tax (SST) is expected to help safeguard economic stability at a time of heightened global uncertainty, say economists.

Bank Muamalat Malaysia Bhd head of economics, market analysis and social finance Dr Mohd Afzanizam Abdul Rashid said the postponement of the SST scope expansion should be seen in the context of broader global developments.

Since the expansion of SST scope has been deferred, Mohd Afzanizam said the RON95 subsidy rationalisation plan is expected to go ahead as planned.“If that is the case, then perhaps the government’s fiscal deficit-to-GDP target of 3.8% for 2025 would not deviate much,” he said.