Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

21-30 results from 343 for query «sst»

July 31, 2018 1:27 PM Customs: SST will affect only 70,000 to 80,000 firms

KUALA LUMPUR: Only 70,000 to 80,000 businesses are expected to be affected under the new Sales and Services Tax (SST), compared with 472,000 registered under Goods & Services Tax (GST), according to Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy. Speaking at a press conference after attending a seminar on SST today 83

July 31, 2018 9:53 AM Only 70,000 to 80,000 businesses affected by SST, compared with 472,000 under GST

KUALA LUMPUR: Only 70,000 to 80,000 businesses are expected to be affected under the new Sales and Services Tax (SST), compared with 472,000 registered under Goods & Services Tax (GST), according to Royal Malaysian Customs Department (RMCD) director general Datuk Seri Subromaniam Tholasy. Speaking at a press conference here today, he said compared with the GST, the scope 72

July 31, 2018 4:18 AM Bills to abolish GST, implement SST tabled for first reading

KUALA LUMPUR: The Sales Tax Bill 2018 and the Services Tax Bill 2018 (SST) were tabled for the first reading in the Dewan Rakyat today. Both bills were tabled by Deputy Finance Minister Datuk Amiruddin Hamzah (pix), along with three other related bills. This included the Goods and Services Tax (GST) (Repeal) Bill 2018, which is expected to be abolished 37

July 20, 2018 8:13 AM MoF: Big-ticket items should be taxed under SST

PETALING JAYA: Big-ticket items should be taxed under the new Sales and Services Tax (SST), said the Ministry of Finance (MoF) in response to the Royal Malaysian Customs Department's proposal on the list of goods to be exempted under the new tax regime which comes to force on Sept 1. As per the proposal, airplanes, yachts, passenger ferries, helicopters 25

July 19, 2018 2:17 PM Customs denies passenger vehicles not subjected to sales tax

KUALA LUMPUR: The Royal Malaysian Customs Department (JKDM) has issued a statement clarifying reports over the misinterpretation of the exemption list that was uploaded on its website. Its Director-General, Datuk Seri T. Subromaniam said that goods exempted from the sales tax on the exemption list are only for components for completely knocked down (CKD) 21

July 19, 2018 6:33 AM Parts for CKD vehicles exempted from SST

PETALING JAYA: Only various car parts, such as components and accessories, for Completely Knocked Down (CKD) assembled vehicles will be exempted from Sales and Services Tax (SST) system. Customs Department Director-General Datuk Seri Subromaniam Tholasy was referring to news about passenger motor vehicles being among the items that will be exempted from SST went viral 17

July 19, 2018 6:33 AM Cars exempted under SST

PETALING JAYA: Car prices will not go up because of the Sales and Services Tax (SST) system because they are exempted. The list of exempted goods under GST includes sedans, four-wheel drives, station wagons and race cars. It also includes various car parts, such as accessories, fuel pumps and fuel cut-off valves. Car sales went up recently after the zero-rating 29

July 19, 2018 4:39 AM Guan Eng: Yes, GST more transparent, efficient

KUALA LUMPUR: The Goods and Services Tax (GST) is a much more transparent and efficient tax system compared to the Sales and Services Tax (SST), Lim Guan Eng (pix) admitted. The Finance Minister said the decision to revert to SST was because the impact on the end user was much lesser, due to a single-stage taxation, namely to the manufacturers, compared 25

July 18, 2018 12:10 PM Mitsubishi Merdeka Promotions 2018

MITSUBISHI Motors Malaysia (MMM) is offering special Merdeka promotions for the upcoming Merdeka celebrations 2018. “From now until end of August, customers who book and register a new Mitsubishi Triton will enjoy Merdeka bonus and GST rebates worth up to RM15,100,” says the company. *Warranty: All Triton variants except the Triton Quest get five years 23

July 18, 2018 10:26 AM Consumers anxious over potential price changes due to SST

WITH sales and services tax (SST) slated for implementation on Sept 1 following the removal of the goods and services tax (GST), consumers can't wait to find out whether the prices of goods and services would go up or down next. Despite projected lower operating costs and improved cash flow with SST compared with GST, the reduction in cost would be too little 21