No increase in GST rate, says Najib

KUALA LUMPUR (Jan 15): The government has no plans to increase the goods and services tax (GST) rate, Datuk Seri Najib said today.

Countering fears that the GST rate would be increased following a further drop in world oil prices, the prime minister said such a move was not being considered as the government felt that the people would not be able to absorb further increases, The Star Online reported.

“We are not envisaging an increase in GST. I don’t think the people have the capacity to absorb any increase in GST.

“It is not on the table,” Najib was quoted as saying the local daily.

 

@theedgemarkets.com – No increase in GST rate, says Najib