Gst Reform

7/24/2019 Gst Reform

1/14

GST REFORMPresented by :

Lim Huei Sien ( 18 )

Tan Swea Cee ( !! )


2/14

G""ds and Ser#i$es Ta%

( GST ) :& 'ew Ta% Re"rm in

Maaysia


3/14

Sin$e 1st &*ri +,1-. GST as re*a$ed teMaaysia/s Saes Ta% (1,0) and Ser#i$e Ta%(0) (SST)2

3ntr"du$ti"n " GST

Saes and Ser#i$eTa%

( SST )1,0 4 0

G""ds andSer#i$es Ta%

( GST )0


4/14

5ea6ness " Saes Ta%


5/14

&s " n"w. te GST rate is si% *er $ent. andtere are $urrenty m"re tan 7.,,, items tat

are eiter bein e%em*ted "r 9er"rated2 Tisma6es Maaysia/s GST m"de. $"m*ared wit"ter $"untries. uni;ue2 E#en Prime Minister


6/14

Te year " im*ementati"n andrate " GST A B&T

in #ari"us $"untries


7/14

C&TEGOR3E

SOF

GST

StandardratedGST

er"rated GST E%em*t su**ies


8/14

a) Standardrated GST

G""ds and ser#i$es in tis $ate"ry in$ude"use"d items. utensis. $"tin anda$$ess"ries wi$ wi be $ared a ta% rate "

0 in e#ery stae " te su**y $ain2F"r te $"nsumers. tey $an identiy testandard rated su**ies by ""6in at tere$ei*t wen ma6in te *ur$ase2 '"rmay.

standard rated su**ies GST abeed wit an?S@2


9/14

H"w GST is $ared at ea$ e#e " su**y $ainstandard rated su**y :


10/14

b) er"rated GST

G""ds and ser#i$es in tis $ate"ry are basi$""d items. un*r"$essed ""d items and m"st

edu$ati"n materias wi$ wi be $ared at,02 3t means tat GST is n"t $ared t" teDna $"nsumer but businesses $an $aim ba$6"n teir in*ut ta%2

F"r te $"nsumers. tey $an identiy te 9er"rated su**ies by ""6in at te re$ei*t wenma6in te *ur$ase2 '"rmay. 9er" ratedsu**ies GST abeed wit a ?@2


11/14

H"w GST w"r6s "n a 9er" rated su**y :


12/14

$) E%em*t Su**ies

E%em*t su**ies are su**ies " ""ds "rser#i$es wi$ are n"t sub=e$t t" GST2 Te GST

*aid "n in*ut by te businesses $ann"t be$aimed ba$6 as ta% $redit2 E%am*es :

Trans*"rt ser#i$es. iway. *ri#ate eat 4edu$ati"n2

F"r te $"nsumers. tey $an identiy te 9er"rated su**ies by ""6in at te re$ei*t wenma6in te *ur$ase2 '"rmay. e%em*t ratedsu**ies GST abeed wit a ?@2


13/14

H"w GST w"r6s "n an e%em*t su**y :


14/14

3MP&CTOFGST

Tere wi be s"me burdens "n *e"*e es*e$iay r"m "wer in$"mer"u* t" *ay tat ta% "r ""ds and ser#i$es2 Tis is be$ause GST wi

be im*"sed based "n $"nsum*ti"n rater tan earnin "r saary2

Te r"u* as"wi suerbe$ause "

inati"n tate%ist ater te

im*ementati"n" GST wit"utin$reasin teir

saary2

y GST. te"#ernment $an

in$rease tere#enue " te

$"untry and $anuse te re#enue"r s"me *r"=e$ts

tat may i#e

beneDts t" te*e"*e2

Documents

Gst Reform