That version of GST is unsustainable for those smaller businesses.

Remember, you had to register once the revenue reach RM500k per year, unlike sg version of GST (RM 3.5 million p.a)

Imagine that your volume is RM500k, with 10% margin (RM50k profit only, for 1 year). Your accounting cost skyrocketed due to GST. What else is left for yourself?

That's why so many businesses collapsed after introduction of GST. Because smaller ones are always the majority.

This post has been edited by @@@@@@@@@@: Mar 17 2024, 10:12 AM

I will vote anyone who dare to copy Brunei tax structure. Cheap and still able to get 3,5x.