Malaysia says it has no plans to reintroduce GST

The Malaysian government said it won't implement the GST to respect the mandate by the people in elections.
The Malaysian government said it won't implement the GST to respect the mandate by the people in elections.PHOTO: LIANHE ZAOBAO

KUALA LUMPUR (REUTERS) - Malaysia will not reintroduce a goods and services tax (GST) that was repealed last year, Finance Minister Lim Guan Eng said on Friday (Oct 11), presenting this government's second Budget amid recent concerns about a revenue shortfall.

"To respect the mandate by the people in elections, the government does not want to implement GST again," he said in Parliament.