Malaysia's consumption tax revenue to be half previous level

Kuala Lumpur

MALAYSIA'S new tax on some goods and services, which takes effect on Saturday, is expected to collect less than half the revenue raised by a broader one imposed by the former government, the finance minister said on Thursday.

In early August, Prime Minister Mahathir Mohamad's government repealed the unpopular 6 per cent goods and services tax (GST) that took effect in April 2015. Dr Mahathir had promised to scrap GST if his coalition won the May general election.