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Questions and Answers
When was the Goods and Services Tax (GST) implemented in Malaysia?
When was the Goods and Services Tax (GST) implemented in Malaysia?
- 31 August 2018
- 1 June 2018
- 1 May 2018
- 1 April 2015 (correct)
When was the tax holiday declared in Malaysia?
When was the tax holiday declared in Malaysia?
- 1 June 2018 (correct)
- 31 August 2018
- 1 April 2015
- 1 May 2018
What was the objective of abolishing the GST in Malaysia?
What was the objective of abolishing the GST in Malaysia?
- To put more purchasing power in the hands of the Malaysian people (correct)
- To increase living costs for the lower- to middle-income earners
- To stimulate foreign investment
- To reduce the tax burden on high-income earners
What was the rate of the Goods and Services Tax (GST) in Malaysia?
What was the rate of the Goods and Services Tax (GST) in Malaysia?
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When was GST abolished and replaced by SST in Malaysia?
When was GST abolished and replaced by SST in Malaysia?
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Study Notes
GST Implementation and Abolition in Malaysia
- GST was implemented in Malaysia on April 1, 2015.
- A tax holiday was declared in Malaysia from June 1, 2018, to August 31, 2018.
- The objective of abolishing the GST in Malaysia was to reduce the cost of living and alleviate the burden of high prices on Malaysian citizens.
- The rate of the Goods and Services Tax (GST) in Malaysia was 6%.
- GST was abolished and replaced by the Sales and Services Tax (SST) in Malaysia on September 1, 2018.
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