Malaysia
Guan Eng admits ‘rush’ in SST rollout, says to finance govt operations
Finance Minister Lim Guan Eng arrives for the Sale & Service Tax media briefing at the Ministry of Finance August 30, 2018. u00e2u20acu201d Picture by Shafwan Zaidon

"Much as we want to delay it, we have no choice. I know there are still so many questions about the (SST) formula,” he said. He said if it’s not implemented by September 1 the country would face an operating expenditure deficit as Malaysia will be short of RM4 billion. He said with the deficit, the revenue collected will be insufficient to pay operating expenses such as salaries of civil servants and maintenance of offices. "We can’t afford to suffer that,” he said during a media briefing on the SST. Lim said in the meantime, the government will continue to hold discussions with businesses and all other relevant parties nationwide to get their feedback and continue to improvise the list of exemptions.

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