Loading...
Wednesday 7 May 2014

GST is necessary for Malaysia, just like antibiotics


Datuk Seri Najib Razak says there are just over a million taxpayers in a country with a population of 28 million and the GST is necessary for the economy.

PUTRAJAYA, May 5:
Prime Minister Datuk Seri Najib Razak today impressed upon civil servants the necessity of the goods and services tax (GST), likening it to antibiotics.
In his monthly address to staff of the Prime Minister’s Department, Najib also warned them of certain quarters out to incite hatred against the government over the GST.
“The simple analogy is, when we need antibiotics, we need to take the antibiotics and finish the full course of it.

“When you finish the course, then your health will recover.
“So, in the journey for the country’s transformation, we need to swallow the medication and be confident that the outcome will benefit all of us and see a successful nation,” he told civil servants gathered in the courtyard of the Prime Minister’s Department in Putrajaya, Malaysiakini reported.
Despite the widespread May Day protest against GST, Putrajaya has maintained the importance of GST for the economy.

Najib said many taxpayers  evaded paying income tax and there were just over a million taxpayers in a country with a population of 28 million.
“How often have we heard about supposedly poor people who can afford to send their children abroad for a foreign education?
“This is an obvious case of under-declaring income or paying less than what you are actually supposed to pay,” he said.

“The GST is a progressive tax which will benefit Malaysians as it depends on consumption. Many Malaysians do not pay income tax.”
On May Day last week, 25,000 people had gathered near Dataran Merdeka here to voice their dissatisfaction with the scheduled next April’s implementation of GST.
GST is a progressive tax system and its introduction is not meant to burden the people, said Najib, adding that the GST awareness drive would have to be intensified to enlighten the people on its merits  so that no one would protest for no reason.

“We must explain that many people are not paying taxes. As Finance Minister, I know that many are not paying taxes or are paying less than what they should have.
“This system (adopted by 90% of countries) is more progressive as it depends on how much our expenses are.
“And in this way, together with steps taken to exclude taxes on essential items used by the people, the introduction of GST will not burden the people.”
Najib said the government would look into the possibility of exempting more goods and products from the GST without affecting the revenue base expansion.

The GST implementation can help stimulate growth and enable the country to provide more infrastructures and basic needs in urban and rural areas, he said.
“If we do not build more modern infrastructure, we will lose our competitive advantage.”
The Prime Minister said more expenses were needed for human capital as it was also a critical factor in terms of competitive strength of any country.

“The tax revenue is also required for healthcare as there is a need to have more hospitals, medical equipment, etc, that are urgently needed  by the people.”
Najib said adequate revenue was also required to take care of 1.5 million civil servants.
“This is the philosophy of the government of the day and I believe that such a move would elevate the country to the stature that we aspire.”

Najib said if the system was proven effective in 90% of countries, it must have been found to be a progressive tax system that was fair and acceptable to the people.
The government will implement GST from April 1 next year at a fixed rate of 6% to replace the sales tax and services tax which total 16%.


source: therakyatpost.com

0 comments:

Post a Comment

 
Toggle Footer
TOP