Malaysia introduce sales and service tax after scrapping GST

Vastavam web: Malaysia said it will introduce a sales and service tax to partly offset the shortfall in revenue from effectively scrapping a goods and service tax (GST) from June.The Mahathir Mohamad-led government, which won last week’s general election, said on Wednesday it would lower GST to zero percent from June 1. Ousted leader Najib Razak had introduced the tax in 2015 amid lower oil prices.