'Just because you've received a donation, doesn't mean it's not taxable' — tax expert
KUALA LUMPUR (April 3): Just because you received a donation, it doesn't mean that it is not taxable, said Axcelasia Inc chairman Dr Veerinderjeet Singh.
Najib seeks review of 'very unjust' additional tax bill
KUALA LUMPUR (April 3): Acknowledging that he has been slapped with an additional tax bill by the Inland Revenue Board (IRB), Datuk Seri Najib Razak (pictured) said he will seek a review of the “very unjust” action.
I'm bound by the secrecy provision, says IRB CEO on Najib's additional tax bill
KUALA LUMPUR (April 3): While former prime minister Datuk Seri Najib Razak has acknowledged that he has been slapped with an additional tax bill by the Inland Revenue Board (IRB), IRB's chief executive officer Datuk Seri Sabin Samitah (pictured) declined to comment or confirm the figures of the matter, saying that he's bound by the "secrecy provision".
Guan Eng: Malaysia’s 1% inflation proves SST mitigated price increases
KUALA LUMPUR (March 5): Finance Minister Lim Guan Eng said yesterday Malaysia’s 2018 inflation at 1% versus 2017’s 3.
Prices not going down with SST — deputy finance minister
KUALA LUMPUR (Feb 20): Deputy Finance Minister Datuk Amiruddin Hamzah has been reported as saying that implementation of the Sales and Services Tax (SST) has not reduced the prices of goods.
Guan Eng : 2018 direct tax collection based on current year assessment
KUALA LUMPUR (Jan 22): Finance Minister Lim Guan Eng clarified today that the Inland Revenue Board Of Malaysia's 2018 direct tax collection was based on taxation on income received during the year.
Guan Eng: Malaysia 2018 SST collection exceeded RM4b target
KUALA LUMPUR (Jan 21): Finance Minister Lim Guan Eng (pictured) said today Malaysia's 2018 Sales and Services Tax collection by the Royal Malaysia Customs Department amounted to RM5.
RPGT now a pure taxation tool, discourages long-term investment
PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.
S P Setia: Penang land buy from Boustead Plantations should be GST exempted
KUALA LUMPUR (Jan 10): S P Setia Bhd said its wholly-owned subsidiary Setia Fontaines Sdn Bhd has been advised by solicitors that the latter's acquisition of five adjoining parcels of freehold land in Penang from Boustead Plantations Bhd should be exempted from the goods and services tax (GST), based on Malaysia's tax laws.
Guan Eng: Allegations of govt taxing petrol are false and baseless
KUALA LUMPUR (Jan 3): The Ministry of Finance (MoF) refuted allegations that the government has been taxing petrol, pointing out that the total petrol and diesel subsidies for the first 11 months of 2018 amounted to RM4.
