Kadazan Dusun
Latest News
OPPO A3 invades the market |  Pink Evans muncul dengan single pertamanya "Jujur ku tak bisa" |  Isu bekalan air bersih di Ranau akan diatasi: Abidin |  Kes denggi di Labuan meningkat 62 kes |  Agong sokong langkah berhemat, pemansuhan GST |  Sabah Ports and Harbours Dept Director among four remanded for bribery investigation |  Pygmy elephant found dead on oil palm plantation |  Sabah has the most unemployed graduates in country |  Shafie the right man for the job! |  Matlan: Nominate suitable candidates! |  MAGANU HAANG KUMAA KOMPONI AU NAKAHANTOI MINOMONGO VOKOK VAIG ID BEAUFORT |  Norzawiyah, koonduan koiso sabaagi Potunud JaPen Sabah |  Potunud, tohu kuntilikto nokogompit susuap tinaan naamot |  USCI medical and pharmacy roadshow |  Welder Training Programme for Sabahan youth | 

No turning back on GST abolishment, says Zeti

16th May, 2018

KUALA LUMPUR: Tan Sri Zeti Akhtar Aziz said there will be no turning back on the proposed abolishment of the Goods and Services Tax (GST) which came into effect on April 1, 2015.

“It’s (decision to abolish) is final and work is in progress towards the abolishment,” said the former central bank governor who is also part of the five-member Council of Eminent Persons.

Two of the council members were at the Finance Ministry Tuesday morning to discuss the tax and other economic matters, including fiscal changes and subsidies.

“So we know from the starting point that it has been decided, there’s no question about it.

“The issue is how it is going to be accomplished. Do we zerorise it? So, from six per cent it becomes zero per cent,” she told reporters after chairing a meeting with 180 fund managers here on Tuesday.

Pakatan Harapan, which won the 14th General Election and formed the new Federal government, had made the abolishment of the GST part of its election manifesto.

Zeti said all matters concerning economic changes would be carried out in a comprehensive and orderly manner. “The ultimate objective is to put more purchasing power in the hands of the people, especially the lower and middle income groups,” said the first female governor who held Bank Negara for 16 years until her retirement. She said once a decision is made, it would be made known to the public.

“We will announce what we are going to do, including the strategy, process, technology, system and get it approved in Parliament,” she said.

Zeti also stressed that she would not react to political matters and would only be involved in economic issues. “That’s what the people care about the most now, how they are going to be impacted and how businesses are going to be impacted. That’s the reason I came back,” she added. – Bernama

Email Print