FMM urges input tax credits as government reviews GST features for SST

FMM president Jacob Lee Chor Kok said allowing businesses to claim credit for eligible sales and service taxes incurred on inputs would help reduce the cascading effect of taxation and prevent taxes imposed on business inputs from becoming an additional cost throughout the supply chain.

"This is important to ensure that taxes imposed on business inputs do not continue to become additional costs in the supply chain, which would ultimately increase production costs.

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