The Institute of Strategic Analysis and Policy Research (INSAP) calls on the government to reintroduce the Goods and Service Tax (GST) in view of the complaints from businesses and consumers on the complexity of the existing tax system, the Sales and Service Tax (SST).
Instead of introducing various forms of taxes to increase government revenue, the government should implement a broader tax base with a single, transparent system like GST. This would streamline tax collection for the government and reduce the administrative burden for businesses struggling with the current complexities.
By reintroducing GST, the government would not only collect more revenue but also reduce the tax burden. Unlike the Sales and Service Tax (SST), which creates a “tax-on-tax” effect by taxing businesses on previously taxed inputs, GST ensures a fairer system where the final consumer bears the tax. This cascading effect under the current SST structure artificially inflates prices for everyone.
Let’s make our voices heard! Join our movement in calling for the return of GST. Sign our petition and stand with us for a stronger economy: