A year has passed since the implementation of the Goods and Services Tax (GST) in Malaysia on April 1, 2015, and yet there are businesses that are still unclear about its requirements and rules.
According to a recent survey on Malaysia’s economic situation in the second half of 2015 by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) (unveiled last Tuesday), 68 percent of its respondents reported that they still do not fully understand the workings of GST and how it affected their businesses, while 10 percent are unclear about GST.
