Sarawak eyeing GST revenue to fund Development plans KUCHING: The Sarawak government could make a bid to retain the revenue from Goods and Services Tax (GST) collected in the state or have most of it redirected back to fund development. It wants a bigger share of the 6% tax collected from Sarawakians, given that its oil and ga ...
PUTRAJAYA, May 23 (Bernama)-- The implementation of income tax on online businesses will be treated in the same way as conventional businesses, said the Inland Revenue Board (IRB). In a statement today, the IRB said according to Section 4 of the Income Tax Act 1967, a busine ...
KUALA LUMPUR, May 18 (Bernama) -- Online businesses taxation is fair to other taxpayers earning a taxable income and contributing towards government revenue, said Deputy Finance Minister Datuk Chua Tee Yong.
KUALA LUMPUR, May 17 (Bernama) -- The Ministry of Finance (MOF) is looking to tax online businesses next year, in line with the growing Internet-based sector. Treasury Secretary-General Tan Sri Dr Mohd Serigar Abdullah said the MOF had requested the Inland Revenue Board (IRB ...
KUALA LUMPUR, May 12 (Bernama) -- Deputy Finance Minister Datuk Chua Tee Yong has refuted allegations that there was a plan, discussions or suggestion by the government to increase the Goods and Services Tax (GST) rate from six per cent currently.
The objective of this Public Ruling (PR) is to explain the tax incentives in relation to the venture capital industry in Malaysia.
KANGAR, May 10 (Bernama) -- The implementation of GST has made a positive impact on the country's revenue and economy, according to Customs director-general Datuk Seri Khazali Ahmad. He said the Royal Malaysian Customs Department had so far collected RM27.31 billion in indir ...
PUTRAJAYA, May 9 (Bernama) -- The introduction of the Goods and Services Tax (GST) and subsidy rationalisation are viewed by the new Bank Negara Malaysia (BNM) Governor, Datuk Muhammad Ibrahim, as a bold move taken by the government to face the global economic uncertainty, says P ...
KUALA LUMPUR: Datuk Seri Najib Tun Razak reiterated that the government has no plan to hike the rate of the Goods and Services Tax and the current rate of six per cent would be maintained. "As the Prime Minister and Finance Minister, I reiterate that there is no plan at all ...
The Guide on Fund Management revised as at 27 October 2013 is withdrawn and replaced by the Fund Management revised as at 11 April 2016.
KUALA LUMPUR, April 14 (Bernama) -- Karyon Industries Bhd's (KIB) wholly-owned unit, Allbright Industries (M) Sdn Bhd (AISB), has been imposed sales tax payment and penalty by the Royal Malaysian Customs Department amounting to RM1.06 million and RM531,732.49, respectively.
The Guide on Employee Benefits as at 2 November 2015 is withdrawn and replaced by the Guide on Employee Benefits revised as at 6 April 2016.
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KUCHING: The Sarawak government could make a bid to retain the revenue from Goods and Services Tax (GST) collected in the state or have most of it redirected back to fund development.&n ...
The objective of this Public Ruling (PR) is to explain the tax incentives in relation to the venture capital industry in Malaysia.