PUTRAJAYA, June 6 ― Prime Minister Tun Dr Mahathir Mohamad announced today the abolishment of the Goods and Services Tax (GST) Act and the Anti-Fake News Act.
“We will fully abolish GST and the Anti-Fake News Act when Parliament convenes in July,” he said after chairing the weekly Cabinet meeting here.
He said amendments to several other existing Acts will also be tabled in Parliament and that he will announce them at a later date.
The government had effectively removed the GST by zero-rating it starting June 1, but parliamentary approval is needed to formally dismantle the unpopular 6 per cent consumption tax and bring back the Sales and Services Tax by September.
Dr Mahathir said the government had made an electoral promise to get rid of the restrictive Anti-Fake News Act gazetted just two months ago and was now making good on its pledge.
“The repealing of the Act will be studied and debated by members of Parliament with the intent of doing away with this draconian law,” he said.