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.
New RPGT rates will dampen sales
PETALING JAYA (Dec 31): Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, according to industry players.
Putrajaya not planning to impose windfall profit tax, says Guan Eng
KUALA LUMPUR (Nov 27): The Federal Government is not planning to impose any tax on windfall profit, Finance Minister Lim Guan Eng said.
Rosmah and former aide Rizal arrive at KL Sessions Court
KUALA LUMPUR (Nov 15): Datin Seri Rosmah Mansor (pictured), who is currently facing 17 money-laundering and tax evasion charges, has arrived at the Kuala Lumpur Court Complex to face corruption charges allegedly involving an RM1.
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Cutting double taxation to lower business costs
KUALA LUMPUR (Nov 5): The announcement that exemptions will be granted for specific business-to-business (B2B) service tax from Jan 1, 2019 for registered service tax entities would help lower the costs of doing business by eliminating pyramiding taxation, or the tax-on-tax effect.
