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Government To Invite GST Countries To Share Implementation Experience

PEKAN, July 16 (Bernama) -- Deputy Finance Minister Datuk Ahmad Maslan said the government will be inviting countries which have implemented the goods and services tax system (GST) to share their experience in a seminar in September.

He said the seminar, scheduled to be launched by Prime Minister Datuk Seri Najib Tun Razak, hoped to explain matters clearer to the people on the benefits of implementing the system.

"I have opened a seminar organised by the Malaysian Institute of Strategic and International Studies (ISIS) in which we invited two countries, Singapore and the United Kingdom to relate their experience.

"In September, we will invite more countries to provide information to get us more prepared," he told reporters after breaking fast with orphans and senior citizens here.

He said the ministry would invite relevant parties including non-governmental organisations, government agencies, industry representatives and institutions of higher learning to attend the seminar.

Meanwhile, he said the government was expected to obtain an additional RM2 to RM3 billion in revenue in the first year of GST implementation next year.

"In the second year, the government will obtain an additional revenue of between RM7 to RM8 and this will benefit the people especially rural residents as announced by the Prime Minister earlier," he said.

With the additional income, the government could implement more development in the rural areas especially in Sabah and Sarawak as well as the interior of peninsular Malaysia which are still without adequate basic facilities.

-- BERNAMA




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