Podcast
Play an AI-generated podcast conversation about this lesson
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?
Signup and view all the answers
When was GST abolished and replaced by SST in Malaysia?
When was GST abolished and replaced by SST in Malaysia?
Signup and view all the answers
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of the Sales and Service Tax (SST) in Malaysia with this quiz. Explore the intricacies of Malaysia's tax system reform and the abolishment of the Goods and Services Tax (GST). Brush up on your understanding of SST with this informative quiz.
