Malaysia's newly-elected Prime Ministry, Mahathir Mohammad, has announced the government's plans to repeal the current goods and service tax (GST) and replace it with a more limited sales and services tax. Malaysia's 6% GST was introduced from April 2015, when it replaced the previous sales tax (10%) and services tax (6%). A media statement purportedly from the Ministry of Finance was being circulated indicating that GST would be abolished from 1 June 2018, but the Ministry has since issued a…