Wednesday, November 25, 2009

GST is on the way

Ladies and gentlemen, GST is on the way. Be prepared for it. Please read a brief statement from our beloved PM. It would be gentle.

Malaysia is gearing up to introduce a goods and services tax (GST) with Prime Minister Najib Razak stating that he plans to table the first reading of a proposed GST bill before the current sitting of the Dewan Rakyat ends in mid-December, the Business Times reported. He stressed that the GST - if introduced - would not be effected abruptly, but  very gently . It would replace the existing sales and service tax and not burden the poor or middle class, he assured. 

Looks like we have to pay more even when you are shopping in hypermarket. That's going to be extra premium on what you are paying for now. I guess Singaporean are more willingly to pay for it, but for Malaysia... erm... you tell me about it.


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