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?
- 1 May 2015
- 1 June 2018
- 31 August 2018
- 1 April 2015 (correct)
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
- To benefit high-income earners
- To reduce government revenue
What tax system replaced GST in Malaysia?
What tax system replaced GST in Malaysia?
- SST (correct)
- Property tax
- Income tax
- VAT
What was the standard rate of GST in Malaysia?
What was the standard rate of GST in Malaysia?
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?
When was the Goods and Services Tax (GST) abolished in Malaysia?
When was the Goods and Services Tax (GST) abolished in Malaysia?
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?
What was the objective of abolishing the GST in Malaysia?
What was the objective of abolishing the GST in Malaysia?
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?
What tax system replaced Goods and Services Tax (GST) in Malaysia?
What tax system replaced Goods and Services Tax (GST) in Malaysia?
Flashcards are hidden until you start studying
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.
