Goods and Services Tax (GST): A New Tax Reform in Malaysia

Authors

  • Nor Hafizah Abdul Mansor Faculty of Accountancy Universiti Teknologi MARA (UiTM), Malaysia
  • Azleen Ilias College of Business and Accounting, Universiti Tenaga Nasional (UNITEN), Malaysia

Keywords:

Tax reform; GST; budget deficit.

Abstract

The Goods and Services Tax (GST) is becoming one of the most prominent topics in Malaysia. The announcement by the Malaysian Ministry of Finance (MOF) in the Budget 2010 on the implementation of GST had created various reactions from practitioners, academicians, general public and most important businesses. GST is one of the tools that are proposed by the Government to reduce continuous deficit budget in Malaysia. This paper discusses the GST as a new tax reform in Malaysia, and covers several issues in order to enhance the understanding and readiness among Malaysian in adopting GST.

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How to Cite

Mansor, N. H. A. ., & Ilias, A. . (2013). Goods and Services Tax (GST): A New Tax Reform in Malaysia. International Journal of Economics, Business and Management Studies, 2(1), 12–19. Retrieved from https://onlinesciencepublishing.com./index.php/ijebms/article/view/296

Issue

Vol. 2 No. 1 (2013)

Section

Articles