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1-10 results from 1000 for query «tax»

September 5, 2018 2:57 AM Telcos told to stop charging SST on prepaid reloads by MoF

PETALING JAYA: Telecommunications companies have been instructed to stop charging the Sales and Services Tax (SST) on Malaysians for the purchase of prepaid reloads. The Finance Ministry said this tax exemption on prepaid services was to address the issue of companies having difficulties in adjusting their systems in view of the SST implementation on Sept 1. The ministry 59

September 4, 2018 10:43 AM Perodua dealers, vendors welcome SST, say car prices reduced

PETALING JAYA: Perodua dealers and vendors have welcomed the introduction of the Sales and Service Tax (SST), saying its implementation has managed to reduce the prices of their vehicles. In a joint statement today, the Perodua Dealers Association (PDA) and the Perodua Vendors' Club (KVP) noted the new tax structure, which imposes a 10% tax on sales 19

September 3, 2018 1:28 PM BNM seen holding key rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis 6

September 2, 2018 10:26 AM Modified cash accounting system also shows RM16b missing: Lim

PUTRAJAYA: A total of RM16 billion of unreturned taxes has remained missing from the Fund for Tax Refund Trust Fund (TBBC) regardless of whether the government uses the modified cash basis or the accrual accounting system, according to Finance Minister Lim Guan Eng. Responding to former prime minister Datuk Seri Najib Abdul Razak's Facebook post, he said according 51

September 1, 2018 9:26 AM Customs DG hangs up after failing to get through on SST hotline?

PETALING JAYA: Did Customs director-general Datuk Seri T. Subromaniam learn the hard way how tough it is getting through a telephone helpline? China Press reported that Subromaniam hung up the phone after struggling to demonstrate how his own department's Sales and Service Tax (SST) hotline worked during a SST briefing in Johor Baru yesterday. The newspaper 16

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 6:40 AM Eateries subject to SST if turnover exceeds RM1.5m annually

PUTRAJAYA: Malaysian eateries will only be subject to the Sales and Services Tax (SST) if their annual turnover exceeds RM1.5 million annually, said Finance Minister Lim Guan Eng (pix). He said the ministry agreed to raise the turnover threshold from the RM500,000 set under the Goods and Services Tax (GST), and asserted that the decision was final 12

August 30, 2018 5:22 AM PIAM: General insurance sees flat growth in 1H, expected to remain moderate in 2H

KUALA LUMPUR: The general insurance industry, which registered a marginal growth of 0.7% with gross written premiums of RM9.23 billion in the first half of 2018 (1H18), is expected to remain subdued for the rest of the year, with low single digit growth. "A single digit growth of 1%-2% could be achievable," General Insurance Association of Malaysia (PIAM) 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 28, 2018 5:37 AM Some Sarawak hotels may absorb SST for 2018: MAH

MIRI: Some hotels in Sarawak may absorb until the end of this year the Sales and Service Tax (SST) to be reintroduced on Saturday, according to the Sarawak Chapter of the Malaysian Association of Hotels (MAH). MAH Sarawak Chapter honourary secretary-general John Teo Peng Yew said today the reintroduction of the SST would see the imposition of a six percent 7