SST Maintained Due To Broad Industry Understanding
The Ministry of Finance (MoF) said SST can still be enhanced to generate additional revenue and provide a faster fiscal impact for the government, as it has been in use for over 40 years.
'This is in contrast to reintroducing the Goods and Services Tax (GST), which would require a longer preparation period of up to two years to allow companies time to prepare and update their systems for GST implementation,' it said.
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