MOF undertaking study to widen revenue base including reinstating GST

The Finance Ministry (MoF) is undertaking a study on how to widen the country's revenue base which includes reinstating the goods and services tax (GST) as well as reviewing tax incentive packages to further consolidate them and make them more targeted and strategic.

Deputy secretary-general Zakiah Jaafar said the ministry was about to embark on some major fiscal reforms to strengthen the country’s revenue capacity when the pandemic broke out and the ensuing crisis...