A goods and services tax in Malaysia (GST), a value added tax, was scheduled to be implemented by the government during the third quarter of 2011,[1] but has not yet been implemented. The government is still studying the possible impact of the tax and has not yet decided when it might come into effect.[2] Its purpose is to replace the sales and service tax which has been used in the country for several decades. The government is seeking additional revenue to offset its budget deficit and reduce its dependence on revenue from Petronas, Malaysia's state-owned oil company. The four-percent tax will replace a sales-and-service tax of between five and ten percent