SINGAPORE (May 28): Malaysia’s decision to zero-rate the Goods and Services Tax from June 1 is widely expected to provide a small boost to consumer sentiment. Last year, GST revenue was RM44.3 billion ($15 billion) — equal to 3.3% of Malaysia’s GDP. The government is expected to bring back a Sales and Services Tax, which was abolished to make way for the unpopular GST. But the SST generated less revenue — equal to 1.6% of GDP before it was replaced.

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