Budget 2017 Updates for GST

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Written by Stanley K Wong

Category: GST System Changes Articles

Budget 2017 was announced on Oct 21, 2016 by Prime Minister of Malaysia. This article highlights the amendments related to GST.

1. No change in GST rate for 2017. It stands at 6%
2. Estimate GST collection is RM40 Billions
3. GST Relief is extended to OKU card holders
4. GST Treatment for Free Zones is streamlined
5. GST Treatment for Warehousing Scheme is streamlined

Attachments:

Tax Appendix for GST

[Tax Document]

743 kB

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