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September 1, 2018 9:17 AM No SST on satay in food outlets

IPOH: There will be no Sales and Services Tax (SST) imposed on satay sold in food outlets, said Finance Minister Lim Guan Eng. He said the SST on the popular Malaysian food is imposed during the processing stage for the purpose of packaging and sales. "It is the sales that get the SST, not at the outlets," he told reporters after a briefing on the SST at a hotel 6

August 30, 2018 4:34 AM SST will be open to revision even after Sept 1: Guan Eng

PUTRAJAYA: The government will continue to revise the Sales and Services Tax (SST) based on feedback even after Sept 1, said Finance Minister Lim Guan Eng. Speaking to reporters at a briefing on SST today, he said the government will remain open to feedback and will continue with discussions, and make the necessary adjustments. Despite many queries on the tax system 5

August 27, 2018 11:16 AM Spanish police seize cocaine-stuffed pineapples

MADRID: Spanish police said Monday they have seized 67kg of cocaine found inside dozens of hollowed-out pineapples at Madrid's main wholesale fruit and vegetable market. The drug-stuffed fruits were found at the sprawling Mercamadrid market among a shipment of pineapples that arrived in the Portuguese port of Setubal by ship from Costa Rica and was then transported 6

August 23, 2018 5:10 AM King participates in Aidiladha sacrificial ritual

KOTA BARU: The Yang di-Pertuan Agong, Sultan Muhammad V, today slaughtered several cows as part of the Aidiladha sacrificial ritual of the Kelantan Islamic Affairs and Malay Customs Council (MAIK) at the grounds of the Sultan Ismail Petra Silver Jubilee Islamic Complex here. His Majesty arrived at the complex at 11.35am accompanied by the Regent of Kelantan 13

August 18, 2018 12:42 PM Companies migrating to SST urged to seek further assistance: Customs DG

SUBANG JAYA: Companies that were migrated automatically to the sales and service tax (SST) system, as well as businesses that are taxable, have been urged to seek further assistance to avoid any complications before the implementation date. Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy said this during a press conference 14

August 18, 2018 7:18 AM Police to record Lim Guan Eng's statement over missing GST refunds

KUALA LUMPUR: Finance Minister Lim Guan Eng's statement over the missing RM19.25 billion in the Goods and Services Tax (GST) Refunds Trust Account will be recorded by the police next week. Lim, who is also DAP Secretary-General, said his full cooperation with the police proves that the new government wants the truth to prevail. He said former Prime Minister 15

August 17, 2018 8:50 AM Three MoUs on palm oil and rubber to be signed in China

PETALING JAYA: Three agreements on palm oil and rubber will be signed during a trade mission to promote Malaysia’s palm oil, rubber and timber in China, said the Primary Industries Ministry. The first memorandum of understanding (MoU) between the Malaysian Palm Oil Board and Tsinghua University is on promotion of Malaysian biofuel in the republic while 10

August 15, 2018 11:44 AM Government will repay RM19.25b GST refunds from 2019

PETALING JAYA: Finance Minister Lim Guan Eng said in a statement today that the government will repay RM19.25 billion in outstanding GST refunds to 121,429 companies and individuals from next year. The GST Refunds Trust Account currently only holds RM148.6 million and Lim did not elaborate on how the government would make good on the payments, which 12

August 11, 2018 5:21 AM GST refunds should be settled before SST kicks in: MP

KUALA LUMPUR: The Finance Ministry has been urged to find a swift solution regarding the Goods and Goods and Services Tax (GST) refunds before the implementation of Sales and Services Tax (SST) this September. "The failure to refund the input tax has caused losses to businesses in the form of 'cost of capital' because their cash flows have been affected 7

August 10, 2018 9:25 AM Customs: We asked for RM82.9b of GST refunds, but only given RM63.5b

PETALING JAYA: The Royal Malaysian Customs Department claimed that the full amount for the input tax credits under the Goods and Services Tax (GST) was not transferred into the trust fund account as only RM63.5 billion of the total refunds of RM82.9 billion being paid out for the period between April 1, 2015 and May 31, 2018, hence resulting in accumulative 10