More meds may get GST exemption on Malaysia

More meds may get GST exemption on Malaysia

The Finance Ministry is studying a proposal to increase the number of medicines that will be exampt from the Goods and Services Tax.

Finance Minister Datuk Seri Na­­jib Tun Razak said all 4,215 items under the National Essential Medi­cines (NEM) list that covered treatment for 30 diseases had already been zero-rated.

"This covers the common diseases among Malaysians, such as heart attacks, diabetes and high blood pressure.

"Medications for terminal illnesses like cancer and HIV are not categorised under the NEM list, but the ministry is considering a proposal to include these medications in the zero-rated list," he said in a written reply to Charles Santiago (DAP-Klang).

Santiago had asked if they were planning to allow GST exemption for for serious illnesses like cancer and being HIV positive.

Asked by Datuk Ikmal Hi­­sham Abdul Aziz (BN-Tanah Merah) whether BR1M recipients will be exempt from paying GST, Najib said there were no plans to do so.

"The Government has already raised the value of BR1M in line with GST implementation," he said.

Households with income up to RM4,000 (S$1,480) and below get between RM750 and RM950 now.

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