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October 22, 2015 9:12 AM Long-term focus to ensure 11MP success

The 2016 Budget, to be unveiled tomorrow by Prime Minister Datuk Seri Najib Razak, will likely revolve around strategies to transform the country into a developed and high-income economy by 2020. The Budget proposals will include strategic measures to stimulate domestic demand following concerns over a challenging external environment next year, as well as, further 17

July 1, 2015 7:26 AM 10% service charge doesn’t go to government, says deputy minister

Domestic Trade, Cooperatives and Consumerism Deputy Minister Datuk Seri Ahmad Bashah Md Hanipah says all sales tax collected before April this year has been replaced by the goods and services tax (GST). – The Malaysian Insider file pic, July 1, 2015.The 10% service charge imposed by hotels and restaurants is not collected by the government as sales tax. Domestic 8

June 29, 2015 11:51 PM Price of goods expected to be stable, says Ahmad Maslan

KUALA LUMPUR: The prices of goods are expected to be stable, says Deputy Finance Minister, Datuk Ahmad Maslan. He said there were four factors contributing to the price stability in the market with the first being stocks with the Sales ServiceTax (SST) among businesses had finished. "Businesses have no more excuse to impose the 10 per cent SST together 7

June 24, 2015 6:44 AM Expedite input tax refund, govt urged

PETALING JAYA, June 23 (Sin Chew Daily) -- Although some 70,000 traders should have applied to claim back the sales and services tax (SST), so far only 111 traders have filed their applications. Royal Malaysian Customs Department GST director Datuk Subromaniam Tholasy said the failure of traders to claim back the SST was the main factor contributing 17

June 15, 2015 7:21 AM Poor hit less than the rich under GST, ministry says

A board explaining how the GST works is seen at the Tesco Extra supermarket in Shah Alam March 29, 2015. — Picture by Yusof Mat IsaKUALA LUMPUR, June 15 — Putrajaya today insisted that the Goods and Services Tax (GST) levied on the public is equitable and not regressively taxing the poor more than the rich. In denying claims that the consumption tax affects 11

May 24, 2015 4:41 AM MP: Petty traders blamed but telcos allowed more profits

KUALA LUMPUR: The DAP’s Tony Pua has taken the prime minister to task for criticising petty traders who raised prices after Goods and Services Tax came into force, and said Najib Razak was a hypocrite for allowing mobile phone companies to gain RM770mil in windfall profits. He said three major phone companies, Maxi, Digi and Celcom, had RM12.8bn in revenue 23

May 20, 2015 7:00 AM Shabery fends off GST queries with familiar replies

Asking telcos to absorb the tax will send the wrong message to potential investors, he tells Parliament. KUALA LUMPUR: The government reiterated today that it would not pressure telecommunications companies to absorb the Goods and Services Tax, saying it would send the wrong signal to foreign investors. “We cannot send a message to international companies 3

April 29, 2015 7:39 AM Ahmad Maslan knows nothing about finance, says Dr M

Published: 29 April 2015 3:39 PM Former prime minister Tun Dr Mahathir Mohamad today hits back at the deputy finance minister for not understanding the finance system. – The Malaysian Insider filepic, April 29, 2015.After being accused by Datuk Ahmad Maslan of not understanding the recently implemented goods and services tax (GST), Tun Dr Mahathir Mohamad 9

April 27, 2015 12:40 PM Ahmad Maslan: Dr M needs the right advice on GST

ROMPIN: Former Prime Minister Tun Dr Mahathir Mohamad's advisors should give him the right advice on the newly implemented Goods and Services Tax (GST), said Deputy Finance Minister Datuk Ahmad Maslan. "It is hard for me to come out with a statement because I really respect him as a leader. "I hope Mahathir's advisors could provide him with the correct 11

April 26, 2015 9:59 AM Can a fool be in Cabinet, asks Perlis mufti after Ahmad Maslan’s remarks

Perlis mufti Datuk Dr Mohd Asri Zainal Abidin reacts strongly to Deputy Finance Minister Datuk Ahmad Maslan's remarks that Tun Dr Mahathir Mohamad did not understand GST. – The Malaysian Insider file pic, April 26, 2015.Perlis mufti Datuk Dr Mohd Asri Zainal Abidin has taken Datuk Ahmad Maslan to task for reportedly saying that Tun Dr Mahathir Mohamad 9