OECD recommends govt implement GST, carbon emissions tax

The France-based Organisation for Economic Co-operation and Development (OECD) recommended that Malaysia reintroduce its goods and services tax (GST).

The OECD’s Malaysian economic survey for 2024 said this has to be done because the country needs to increase its revenue as tax receipts only account for 12 percent of the country’s gross domestic product (GDP).

“Most OECD countries have made...