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Can GST Features Fix SST?
Published 1 week ago
Description
The Malaysian Cabinet has tasked the Finance Ministry to study a hybrid approach to GST and SST, but what could merging these two tax frameworks actually look like in practice?
Dr. Veerinderjeet Singh, Senior Advisor on Tax Policy at KPMG Malaysia, joins BFM’s Morning Brief to explore whether a hybrid tax model can fix existing SST inefficiencies and criticisms, without adding new administrative layers for businesses.
He addresses critical questions surrounding tax reform, including:
• What GST features should be merged into SST?
• How could e-invoicing reshape audit trails?
• Would streamlining multiple tax rates simplify compliance?
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