TWENTY years after Singapore introduced a goods and services tax (GST), its neighbour is finally embarking on the same journey.

Malaysia's GST, which is due to take effect in a few days' time on April 1, will share many similarities with its Singapore counterpart but will also have some unique quirks of its own. After the Singapore government released its Budget in February, we focus on some of the key differences in the Malaysian GST vis-à-vis the Singapore GST and consider whether there is cause for either jurisdiction to learn from the other's GST model.

GST AUDIT FILE