JOHOR BARU: The Customs Department aims to collect an additional RM3 billion in Goods and Services Tax (GST) next year following the implementation of its Customs Blue Ocean Strategy (CBOS) initiative.
The amount comes from unpaid or under-declared GST by the registrants.
Customs Department deputy director general (enforcement and compliance) Datuk T. Subromaniam said under the CBOS initiative, the department would focus on informed compliance rather than enforced compliance.
"We found that there are still people who are confused or do not understand the requirements under GST. With this initiative, we would focus on educating these people so that they would have the proper understanding of GST and would make the necessary declarations to the department," said Subromaniam.
He said in the four months since the initiative was implemented, the department has visited about 20,000 GST registrants nationwide and have collected an additional RM1 billion in unpaid or under-declared GST.
"For 2017, we aim to visit 200,000 registrants nationwide. In total, there are 430,000 businesses that have registered for GST," said Subromaniam.
He was speaking to the media after launching the CBOS initiative at Menara Kastam here.