The MOF added that if hotels proceed to raise rates on the pretext of the SST, the government, through the Ministry of Domestic Trade and Cost of Living (KPDN), will examine the matter to prevent unreasonable price increases.
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
“This initiative will not only accelerate Cyberjaya’s transformation into a world-class tech and innovation ecosystem but also solidify Malaysia’s position as a key player in the global digital economy.
“This is to reduce incidents of double taxing or cascading effect from the tax-on-tax imposition on several layers of the logistics supply chain.
As of end 3Q2023, line-wide progress of the LRT3 construction stood at 86.
Johan said the government is also working on ways to reduce subsidies for diesel that has seen huge leakages.
KUALA LUMPUR (March 16): The Ministry of Finance (MoF) has committed up to RM50 billion in financing for the Mass Rapid Transit 3 (MRT3) Circle Line project, whose initial estimated construction cost is RM31 billion plus land acquisition of RM8 billion.
KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.
KUALA LUMPUR (Sept 17): KPMG PLT confirmed that a settlement has been reached in the claim filed by the Malaysian government against a number of its current and former partners in Malaysia over the statutory audits of the financial statements of 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR (Sept 16): KPMG Malaysia has agreed to pay a settlement of US$80 million (valued at RM333 million) to resolve all claims related to its fiduciary duties in auditing the accounts of 1Malaysia Development Bhd (1MDB) for the period of 2010 to 2012, the Ministry of Finance (MoF) announced today.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
