PETALING JAYA: Amidst rising food prices and the cost of living, Prime Minister Datuk Seri Ismail Sabri Yaakob today pointed out that the government was considering to bring back the goods and services tax (GST) to help expand its revenue.
The Star quoted Ismail Sabri saying “the government was aware of the negative perception towards GST but had limited options for replenishing the federal coffers.”
“The government will aim for a rate that is not so high that it burdens the people, but not so low that it defeats the purpose of expanding tax revenue,” he said.
Ismail also added, the government is working on providing subsidy and assisting low- and middle-income households.”
In a question whether the general election will be held soon at the end of this year, Prime Minister said the country is not ready to hold any general election for now till the high prices and inflation issues are contained.
“We are now facing a period of increasing inflation with high prices. As such, do you think this is the right time (to hold the election)?” asked Ismail when he was speaking to Nikkei Asia in Tokyo.