publication . Article . 2017

Goods and Services Tax (GST): The Importance of Comprehension Towards Achieving the Desired Awareness Among Malaysian

Othman Rani Diana; Mohd Pauzi Nur Farahah; Abu Bakar Siti Anis Nadia; Sapari Afidah; Karim Mohd Syazwan;
Open Access
  • Published: 01 Jan 2017 Journal: SHS Web of Conferences, volume 36, page 36 (eissn: 2261-2424, Copyright policy)
  • Publisher: EDP Sciences
Abstract
In line with the implementation of value added tax (VAT) by 160 countries, Malaysia has taken its own path with the introduction of goods and services tax (GST) starting from 1 April 2015 to replace its previous tax system. This new tax system has been announced on 25 October 2013, which has given about 17 months for businesses and people in Malaysia to make a complete preparation for GST. GST is proven to be the fairer tax system to overcome the previous one which was not only limited in scope, but also came with a number of inherent weaknesses. Therefore, in order to achieve the desired awareness regarding GST, it is essential that all Malaysians have the requ...
Subjects
free text keywords: Ad valorem tax, Economic policy, Tax reform, State income tax, Value-added tax, Double taxation, Public economics, Indirect tax, Tax credit, Business, Tax avoidance, Goods and Services Tax, Sales and Services Tax, Social Sciences, H
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publication . Article . 2017

Goods and Services Tax (GST): The Importance of Comprehension Towards Achieving the Desired Awareness Among Malaysian

Othman Rani Diana; Mohd Pauzi Nur Farahah; Abu Bakar Siti Anis Nadia; Sapari Afidah; Karim Mohd Syazwan;