新【xin】2代理网【wang】址www.hg108.vip)实「shi」时更 geng[新发布最新 xin[最快最「zui」有效的新 xin[2网“wang”址‘zhi’和【he】新2最新网址,包括新2手『shou』机网址,新2备用网「wang」址,皇〖huang〗冠【guan】最新网址,新『xin』2足【zu】球〖qiu〗网(wang)址,新『xin』2网址大全。

,Ever since suggestions for the GST revival emerged, anyone who weighed in has drawn much flak from the public regardless of media platform.The public’s comments have been mostly one-sided.

ABOLISHED in 2018, the goods and services tax (GST) that was initially introduced in 2015 seemed to be coming back. There have been numerous calls and proposals in recent years, from our Prime Minister to the Finance Minister and various business groups in the private sector.

They have been coming up with multiple suggestions for re-implementing the GST. These are the indication that the government will soon bring back the GST regime.

Many may ask, why are businesses that used to oppose the GST now calling for its revival? How has a tax system implemented in more than 170 countries and regions worldwide caused so many controversies back then and indirectly led to the historic change of government since Malaysia’s independence?

Ever since suggestions for the GST revival emerged, anyone who weighed in has drawn much flak from the public regardless of media platform.

The public’s comments have been mostly one-sided.

Are these experts and learned personalities ignorant of the people’s suffering and only see the GST’s benefits while ignoring the disadvantages?

Why do we need the GST? Let us first look at Malaysia’s financial situation over the past few years:

CLICK TO ENLARGE

We can see that from 2017 to 2022 (figure 1) that the government’s total expenditure had increased by 27.4%. Still, the total revenue, mainly from various taxes, had only increased by 6%.

If this goes on, not only will the country not break even, but our deficits will go up, and the outcomes are going to be unbearable.

In Budget 2022’s total expenditure of RM332.1bil, 5.2% (RM17.26bil) has been allocated for various subsidies and social assistance.

Let’s take a look at our fuel subsidy. According to data from the Finance Ministry, in January alone, fuel subsidy increased to RM2bil following a surge in the world oil prices – which was 10 times that of the same period last year.

As of March, fuel subsidy has exceeded RM4bil.

The people will have to pay for these expenses.

Compounded by issues such as an ageing population and burdening healthcare and social welfare needs, a tax regime reform is imminent.

There have been many expert explanations on how the GST works. So let us focus on some comparisons between the GST and the sales and service tax (SST).

The general public has opposed the GST because many do not understand how it works. In reality, the SST is included in the cost of a product but not stated on the invoice.

Many people are not aware that they have been paying the SST. It is a different case for the GST, which, in contrast, is more transparent, as businesses are required to state clearly the taxes levied on each invoice.

皇冠官方app声明:该文看法仅代表作者自己,与本平台无关。转载请注明:新(xin)2代理〖li〗网〖wang〗址(www.hg108.vip)_Insight - Is the GST coming back?
发布评论

分享到:

新加坡博彩公司:恒指跌幅扩至逾400点 龙湖及碧桂园系续挫6%-8% 比亚迪及东方海外逆升3%-4%
2 条回复
  1. usdt转账手续费(www.usdt8.vip)
    usdt转账手续费(www.usdt8.vip)
    (2022-07-06 17:06:13) 1#

    为党育人,让青年的梦想在新思想旗帜下扬帆起航厉害厉害,膜拜你

    1. 皇冠官网(www.huangguan.us)
      皇冠官网(www.huangguan.us)
      (2022-07-20 21:20:34)     

          通威股份表示,受全球经济形势、贸易争端及行业阶段性供需变化等因素影响,近年来,国内多晶硅价格波动〖dong〗较大,故该合同产生的〖de〗销售总额可能存在与目前测算值不符的情况。另外,测算的销售总额未考虑合同履约风险、未来多晶硅市场价格等影响因素,存在一定不确定性,不构成业绩承诺。大家一起评论

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。