Malaysia to lose $140 billion if GST, tolls, excise duty, higher education loans were abolished

March 12, 2018 2:19 PM

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysia will lose RM416.6 billion (S$140.1 billion) in revenue if the Goods and Services Tax, tolls, National Higher Education Fund loans and excise duty were abolished, said Ministry of Finance Secretary-General Mohd Irwan Serigar Abdullah.

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