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But Prime Minister Mahathir Mohamad said that he still considered the funds "lost" unless they were formally recovered.
Singapore is the only country at the top spot.
Bargain hunters, mark your calendars.
The changes allow the Government to collect the GST on overseas services from 2020.
Lim added that the country is now relying private sector growth to achieve a high-income economy.
Woman fined for failing to declare branded goods worth about half a million dollars that were bought overseas
As her luggage bags were put through the X-ray scanner, the ICA officers detected several handbags.
He said no other country than Malaysia abolished GST after its implementation.
Najib Razak and Lim Guan Eng are flaming each other online over Malaysia’s Sales and Services Tax (SST)
It all started with some 'kuih pau'.
Certain items and services are subject to a tax of between 5 per cent and 10 per cent.
The new Malaysia government scrapped GST from June 1.