Malaysia is contemplating the reintroduction of a comprehensive consumption tax rather than reducing subsidies for widely-used gasoline, in an effort to strengthen government finances, sources familiar with the discussions revealed.
Prime Minister Anwar Ibrahim's administration is evaluating the feasibility of reinstating the goods and services tax, according to insiders who requested anonymity due to the confidentiality of the information. The decision-making process is still ongoing, complicated by political considerations, they noted.
Source: Bloomberg
