October 11, 2019 / 8:27 AM / 2 months ago

Malaysia says no plans to reintroduce goods and services tax

FILE PHOTO: Malaysia's Finance Minister Lim Guan Eng speaks during an interview with Reuters in Putrajaya, Malaysia, July 22, 2019. REUTERS/Lim Huey Teng/File Photo

KUALA LUMPUR (Reuters) - Malaysia will not reintroduce a goods and services tax (GST) that was repealed last year, Finance Minister Lim Guan Eng said on Friday, presenting this government’s second budget amid recent concerns about a revenue shortfall.

“To respect the mandate by the people in elections, the government does not want to implement GST again,” he said in parliament.

Reporting by Joseph Sipalan and Rozanna Latiff

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