PUTRAJAYA, July 18 – The Customs Department expressed hope of generating some RM3 billion revenue through the import and export tax collection.
This was part of the department’s strategy to bridge the tax collection gap which is expected to occur with the reintroduction of the Sales and Services Tax (SST), said its director-general Datuk Seri Subromaniam Tholasy.
Apart from that, he said the department would also conduct audits on companies which were previously registered for Goods and Services Tax (GST).
Adding further, Subromaniam said Finance Minister Lim Guan Eng had requested him to draft a one-year strategy to consolidate for the losses after the SST was implemented.
“I have given my word to him that the department will try to bridge the gap. For import and export tax returns, we have to increase collection of RM3 billion to make up for the losses. However, we cannot reveal the actual amount,” he added.
Subromaniam was met at the department’s ‘Breakfast Integrity Programme’ themed ‘Reducing National Revenue Leakage’ at the department’s headquarters, here, today.
Also present were Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (Prevention) Datuk Shamsun Baharin Mohd Jamil and Transparency International Malaysia (TI-M) president Datuk Akhbar Satar.
Lim was previously quoted as saying that the government would implement (SST) with the rate set at 10 per cent for sales and 6 per cent for services.
The SST would be implemented come September 1.
Lim also said yesterday that the SST collection would be RM23 billion lesser than GST.
On a separate matter, Subromaniam also said the department was still investigating whether a consignment of jewellery allegedly sent to former Prime Minister Datuk Seri Najib Razak’s wife Datin Seri Rosmah Mansor had been declared at its point of entry.
“Not today, not today. We are still investigating,” he said, declining to elaborate further.” © New Straits Times Press (M) Bhd