Saturday, March 13, 2010
GST, are we ready?
Kota Kinabalu, 21 Dec 2009: Prices of goods and services all over Sabah would increase with the implementation of the Goods and Services Tax (GST).
Sabah Progressive Party (SAPP) Secretary General Datuk Richard Yong said prices of goods and services statewide, in particular, at rural areas are already higher and it could increase further the implementation of the GST.
The intended GST replacing the sales and services tax applies to everyone, the wealthy and the poor. Once imposed would definitely caused inflation and hike in prices of goods and services much similar to the effect of hike in petrol price.
The sales and services tax only applies to the rich at urban areas while the poor at rural areas are exempted.
"The GST (goods and services tax) is going to affect the livelihood of 85 percent of the population who today do not earn enough to pay income tax," said said PSM secretary-general S Arutchelvan.