Malaysia Halts GST Return Amid Rising Costs

Malaysia's finance minister announced that now is not the right time to reintroduce the goods and services tax (GST) due to the financial struggles of many citizens. The government aims to improve the existing tax system and ensure that new taxes do not burden vulnerable groups.

Malaysia's finance minister, Amir Hamzah Azizan, announced on Tuesday that it is not an opportune time to reintroduce a broad-based goods and services tax (GST). The decision comes as many citizens are grappling with rising living costs.

Amir Hamzah emphasized that the government will focus on enhancing the current tax framework and devising new taxations that do not add to the burden on vulnerable demographics.

These measures are to be considered before any decision is made regarding the potential reintroduction of a consumption tax.