The Government may have postponed the Goods and Services Tax (GST) again through an official statement issued in mid-October 2010, but the acknowledgement by them that GST is important in ensuring a strong and sustainable fiscal position to support the long-term economic growth strongly suggests that GST is still on the card for Malaysia. It is just a matter of finding the right timing to introduce it.
Read PwC Alert (Issue 85) for more on how GST will affect the property industry.
PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.