Podcast
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?
What was the objective of abolishing the GST in Malaysia?
What was the objective of abolishing the GST in Malaysia?
What tax system replaced GST in Malaysia?
What tax system replaced GST in Malaysia?
What was the standard rate of GST in Malaysia?
What was the standard rate of GST in Malaysia?
Signup and view all the answers
When was the tax holiday declared during the transition from GST to SST?
When was the tax holiday declared during the transition from GST to SST?
Signup and view all the answers
When was the Goods and Services Tax (GST) abolished in Malaysia?
When was the Goods and Services Tax (GST) abolished in Malaysia?
Signup and view all the answers
What was the standard rate of Goods and Services Tax (GST) in Malaysia?
What was the standard rate of Goods and Services Tax (GST) in Malaysia?
Signup and view all the answers
What was the objective of abolishing the GST in Malaysia?
What was the objective of abolishing the GST in Malaysia?
Signup and view all the answers
When was the tax holiday declared during the transition from GST to SST?
When was the tax holiday declared during the transition from GST to SST?
Signup and view all the answers
What tax system replaced Goods and Services Tax (GST) in Malaysia?
What tax system replaced Goods and Services Tax (GST) in Malaysia?
Signup and view all the answers
Study Notes
Goods and Services Tax (GST) in Malaysia
- GST was implemented in Malaysia on April 1, 2015.
- The objective of abolishing GST was to alleviate the financial burden on the public and improve the cost of living.
- The tax system that replaced GST is the Sales and Service Tax (SST).
- The standard rate of GST in Malaysia was set at 6%.
Transition from GST to SST
- A tax holiday was declared during the transition from GST to SST between June 1, 2018, and August 31, 2018.
- GST was officially abolished 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.
