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‘Can’t even buy underwear’: Malaysians fume over cheap goods tax, cost burden (www.scmp.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 10 months ago (1 children)

Ah I see. I wonder if it's a lingering effect of GST. I recall many medicine shops had to close down as the GST made things too convulated for the elderly shopkeepers.

[–] [email protected] 2 points 10 months ago* (last edited 10 months ago)

It's easier to track the "underground economy" with GST or e-invoicing. Some shady businesses might have closed because Customs and IRB are involved in the GST system. Since we can't touch GST now, this govt plan to introduce e-invoice in stages, which should have a similar effect.