According to a survey conducted by UCSI, a research center in Malaysia, regarding the increase of Sales and Services Tax (SST) from 6% to 8% starting from March 1st this year, the results showed that out of 1,007 citizens who were interviewed, 66% opposed the increase in SST rate, 13% supported it, and 21% remained neutral.
According to the survey, 55% of the respondents believe that raising SST will have a negative impact on their personal finances. In contrast, 24% stated that an increase in tax rates will not affect their personal finances, while only 16% of the respondents have a positive attitude towards the effects of tax adjustments. Additionally, a significant 71% of respondents agree that the government has provided reasonable reasons for the decision to raise SST, while 24% hold the opposite view and 5% remain unsure.
According to the UCSI Survey Research Center, while the majority of respondents (71%) accept the government's reasons for increasing the SST tax rate, most of them express doubts and dissatisfaction with the rate hike. The survey results also show that most respondents expect this adjustment to have a negative impact on their personal finances and are concerned about it. The research center believes that it is necessary for the authorities to ensure accountability and transparency in the process of formulating tax policies, and to alleviate public concerns.
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