GST and private doctors II

GST is set to be implemented for the first time in Malaysia in less than 10 days time. Right up till this last moment there is still some confusion in the healthcare sector, not the least due to Customs constantly changing their guidelines. At first the impression given was that Healthcare was to be GST exempt but it is not truly so. Many areas will be subject to standard rated GST. “GST exemption” for the end consumer is probably a meaningless term as eventually businesses will pass the cost down to the end consumer. If the Malaysian Government truly wants to help the Rakyat, then the Healthcare sector should be zero rated. However as it stands, that is not the case and so the latest news is that Customs, Ministry of Finance, Ministry of Health and Doctors associations (MMA) had a meeting this week. The MMA President, Dr. Krishna Kumar Hari Krishnan made a statement in the social media: The Malaysian Medical Association (MMA) together with the Association of Private Hospitals (APHM) met with the Director General of Customs and of the Customs and Ministry of Finance. The discussion of the GST was carried out and we were told that the tax would be collected from transactions of doctors providing independent consultation and procedures. Thus this is how we stand EXEMPT LIST All consultation and procedural fees under the Private Health Care Facilities Act (PHFA) charged in a registered facility of the PHFA as long as the doctor is the owner or an employee of the said...
Source: Malaysian Medical Resources - Category: Global & Universal Authors: Tags: - Nation GST Source Type: blogs