Dr Wee urges govt to reintroduce GST and carefully rationalise RON95 petrol subsidies

Published on 12 Jul 2024 6:21:56 PM

The Goods and Services Tax (GST) should be reintroduced to boost the country's revenue, says Datuk Seri Dr Wee Ka Siong.

Speaking at the inaugural Insap Economic Forum (IEF) on Friday (July 12), the MCA President emphasised that if GST had not been abolished, the government would have collected RM63.5bil, nearly double the RM35.8bil expected from the Sales and Services Tax (SST) in 2024, demonstrating GST's superior efficiency.

The Ayer Hitam MP also stressed that the rationalisation of the RON95 petrol subsidy must be implemented carefully to avoid burdening the people.

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Keywords
news, dr wee ka siong, gst, goods and service tax, sst, tax, revenue, insap economic forum, ief, mca president, government, sales and services tax, ron95, petrol subsidy rationalisation

Keywords:
news, dr wee ka siong, gst, goods and service tax, sst, tax, revenue, insap economic forum, ief, mca president, government, sales and services tax, ron95, petrol subsidy rationalisation