News about Ministry of Finance

KUALA LUMPUR (Nov 1): The tax treatment proposals were made to ensure that taxation is fair and that Malaysia remains business-friendly, and not just to increase the country's revenue, said the Ministry of Finance’s head of Tax Division (International II) Ezleezan Othman.

KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.

SHAH ALAM (Sept 30): Implementation of the Langat 2 Water Treatment Plant (LRAL 2) project is fully managed Pengurusan Aset Air Bhd (PAAB), a subsidiary of the Ministry of Finance (MoF), said Selangor Infrastructure, Public Facilities, Agricultural Modernisation and Agro-based Industry Committee chairman Ir Izham Hashim.

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.

KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.

KUALA LUMPUR (Sept 9): Finance Minister Tengku Datuk Seri Zafrul Aziz (pictured) today reiterated that the government stands ready to provide additional fiscal support should there be a need in order to preserve the well-being of the people and businesses as well as strengthen the country’s healthcare system, while minimising scarring to the wider economy.

KUALA LUMPUR (Sept 6): Development Financial Institutions (DFIs) have a strategic role in the country's efforts to restore and retain the capacity of businesses to provide various employment opportunities and support Malaysians' livelihoods, according to the Ministry of Finance (MOF).

KUALA LUMPUR (Sept 3): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said it may not be the right time to reintroduce a consumption tax like the previous goods and services tax (GST) as this could have an impact on the momentum needed to revive Malaysia’s economy amid the Covid-19 pandemic.

KUALA LUMPUR (Aug 31): Budget 2022 will be drafted with the expectation that the economic situation will recover from the effects of Covid-19 next year, said the Ministry of Finance (MoF).