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

Search results

31-40 results from 343 for query «sst»

July 18, 2018 5:14 AM MAA cuts TIV forecast by 0.8% to 585,000 units for 2018 on concerns over SST

PETALING JAYA: The Malaysian Automotive Association (MAA) has revised downwards its total industry volume (TIV) forecast by 0.8% for 2018 to 585,000 units from 590,000 units projected earlier this year, mainly due to concerns on the reintroduction of the sales and services tax (SST). MAA president Datuk Aishah Ahmad said prices of vehicles are expected 18

July 17, 2018 3:45 PM The Finance Minister is running around in circles

Our Finance Minister,. Lim Guan Eng, does not seem to understand why there is a RM23b gap between GST and SST collections. Because zero-rating GST since last month did not see any drop in prices and some prices actually increased, imposing two new taxes – a 10% sales tax and a 6% service tax – WILL INCREASE prices for some goods and services. There will also be no reduction 33

July 17, 2018 9:56 AM Mahathir selling snake oil SST

On criticism of the sales and services tax rate of 10% for sales and 6% for services, he said people did not need to pay if they were not purchasing items. “Compared to the GST (goods and services tax), it is a value-added tax. Whether a person buys items or not, the price of goods will increase.” GST – price rises whether people buy or not – why not “people 15

July 5, 2018 7:02 AM Buy properties before SST is implemented to save big: Rehda

IPOH: House buyers are advised to buy properties before the government implements the Sales and Services Tax (SST) to replace the Goods and Services Tax (GST). "This is the right time for the public to make their bookings and sign the agreements. They can save between five to 10% on the purchases which are relatively a big sum," Real Estate and Housing 19

May 31, 2018 8:50 AM Malaysia will meet budget deficit 2.8% with rationalised expenditure and optimised revenue

PUTRAJAYA: Malaysia will meet its projected budget deficit of 2.8% this year with a rationalised expenditure and optimised revenue, said Finance Minister Lim Guan Eng. "As part of the reallocation of expenditure priorities, the new federal government will review, defer and renegotiate at least RM10 billion worth of identified high-priced projects," he told reporters 44

May 27, 2018 10:58 AM Zero GST: Traders should bring down prices

PUTRAJAYA: Traders nationwide are required to reduce the price of goods to correspond with the abolition of the 6% standard Goods and Services Tax (GST), starting June 1. Customs director-general Datuk Seri Subromaniam Tholasy said traders were also urged not to exploit the government's intention to lower prices of goods to benefit consumers. He said the government 28

May 23, 2018 3:37 PM GST removal seen as boon for property market

PETALING JAYA: The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector. "Now is a good time to spur demand, a good time to buy and a good time for developers to market their products. Property developers could lower prices or promote packages to push sales during this period 55

May 22, 2018 9:26 AM Guan Eng: SST to be implemented this year at 10%

PUTRAJAYA: The Sales and Services Tax (SST) will be reintroduced this year at the former rate of 10%. In his first press conference as the Finance Minister today, Lim Guan Eng said the Goods and Services Tax (GST) will definitely be replaced by SST this year. "We want to replace the GST with SST as soon as possible. It will definitely be this year but let us work it out before 47

March 12, 2018 11:14 AM Pakatan Harapan is cheating the voters

Pakatan Harapan’s Election Manifesto is not a new document by any means. Pages 5 to 19 are actually recycled or lifted from earlier documents published in 1999 and 2008 — such as Agenda Reformasi, Deklarasi Rakyat, and so on, which my father was involved in drafting. You can, in fact, Google those documents and still find them on the Internet. That means 19

March 11, 2018 6:20 AM M'sia will become deficit without GST: Najib

PUTRAJAYA: Prime Minister Datuk Seri Najib Abdul Razak said Malaysia will become a country with deficit without collecting RM45 billion in revenue through the implementation of the goods and services tax (GST). Najib, who is also Finance Minister, said without the GST, the country was unlikely to be able to collect a revenue of RM45 billion annually 18