World Bank economist: RM19b tax revenue lost by not having GST

Aidila RazakPublished: Oct 4, 2023 7:04 AM | Updated: Oct 4, 2023 7:11 AM

Malaysia could have made RM19 billion more in tax revenue last year if it had implemented the Goods and Services Tax (GST), instead of the existing Sales and Services Tax (SST).

This is if comparisons are made not on nominal terms, but by percentage of tax revenue to the GDP, said World Bank lead economist for Malaysia Apruva Sanghi...

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