SMEs to get pre-GST boosts

KUALA LUMPUR: Small and medium enterprises (SMEs) have been given a boost in the form of a RM1,000 incentive to ensure their smooth transition when the goods and services tax (GST) is implemented.

The incentive is in the form of an e-voucher for SMEs to purchase or upgrade GST-compliant accounting software.

Prime Minister Datuk Seri Najib Tun Razak said this was among the many incentives provided by the Government to ensure smooth transition to GST for SMEs.

“The Government has embarked on a series of fiscal reforms – including implementing GST – to shift the economy to a more sustainable footing.

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