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Showing posts from August 31, 2018

SST must be implements by 1 Sept

PUTRAJAYA -- The government has no choice but to implement the Sales and Services Tax (SST) by Sept 1, despite various issues, or else the country’s current account will fall into deficit, Finance Minister Lim Guan Eng said. He said the country would experience a shortfall of RM4 billion in revenue if the SST were not rolled out and this would place a heavy toll on the government's economic performance. "If we do not do this, there will be no revenue to cover the operating expenditure like paying salaries for government servants or building maintenance," he said during a briefing on the SST for the media here today. Although the government has faced several hiccups in implementing the new tax regime, Lim assured that the issues would be resolved.  Lim said the government hoped inflation would not be more than two per cent despite the implementation of the tax regime. "Last year, our inflation rate was at 3.7 per ...