News about tax

KUALA LUMPUR (July 19): Putrajaya has conceded that the sales and services tax (SST) system is not as transparent as the goods and services tax (GST), but stressed that the former is able to reduce Malaysian consumption tax by half.

KUALA LUMPUR (July 19): Shares of property developer Hua Yang Bhd dipped 3.

KUALA LUMPUR (July 19): The sales and services tax (SST) to be reintroduced on Sept 1 is not expected to be significantly different from the one previously in place based on the government’s projection of full-year takings, according to tax experts.

KUALA LUMPUR (July 17): Retail Group Malaysia managing director Tan Hai Hsin believes that online retail will not replace physical retail stores.

KUALA LUMPUR (July 17): Retail Group Malaysia has revised Malaysia’s 2018 retail growth rate forecast from 4.

KUALA LUMPUR (June 26): The Malaysian Retail Chain Association (MRCA) is keeping its target for the country’s overall retail sales growth this year at 4.

PETALING JAYA (May 17): Taxation consultants lauded the government’s move of zero-rated GST as it will improve the ease of doing business in Malaysia and lessen the hassle for developers, especially those who have mixed-use developments.

PETALING JAYA (May 17): Hillcrest Gardens Sdn Bhd today announced that with immediate effect, selling prices of its latest development, Hillcrest Heights @ Taman Puchong Utama, will be adjusted downwards by 3% to reflect the savings from the zero-rated Goods and Services Tax (GST) announced yesterday by the new government.

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 19): Property developer MK Land Holdings Bhd said today its wholly-owned subsidiary Saujana Triangle Sdn Bhd is being sued by the Inland Revenue Board (IRB) over RM26.