The government has never discussed bringing back GST as an alternative to cutting the RON95 subsidy – Fahmi
According to Communications Minister Fahmi Fadzil, the government has no plans to reintroduce goods and services tax (GST) as an alternative to eliminating subsidies for RON 95 gasoline.
As reported by Bernama And NSTFahmi responded to a recent article published by Bloomberg announced that it would return the GST in lieu of cutting the RON 95 subsidy. “No, there was never any discussion,” he said.
The paper, citing unnamed sources familiar with the matter, asserted that there is an emerging view within the government that restoring the GST could be “politically easier” than removing subsidies on widely used RON 95 petrol for fiscal consolidation purposes.
Present, fuel subsidy rationalization program came into effect in July this year and has resulted in diesel price in Peninsular Malaysia is being implemented. There is no information yet on when the program will be implemented. expanded to include RON 95 gasoline or how financial assistance will be provided to eligible individuals.
Bantuan Subsidi Madani Programme, or Budi Madani In short, it is currently available to diesel vehicle owners and smallholder farmers in Peninsular Malaysia, who meet the requirements will be assisted with RM200 per month.
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